Furthermore, following the amendments to the Law on Credit Cards (Law No. 5464), the Banking Regulation and Supervision Board (“BRSB”) has been empowered to increase the minimum repayment amount of credit cards up to 40% and subsequently to decrease such rate to 20% or determine the variable minimum repayment amounts in accordance with the classification of the credit card holders, provided that the Board obtains the approval of the Treasury and the Central Bank of the Republic of Turkey.