Treasury and Finance Minister Berat Albayrak introduced the SME Value Credit package, created through the initiative of 13 banks. Minister Albayrak stated that they are continuing, step by step, to eliminate the impact of economic fluctuations on the Turkish economy, the nation, and consequently, on sectors and the real sector.
Announcing that they have launched a financing support program with favorable terms for micro and small-scale SMEs with annual turnovers of less than 25 million TL, primarily manufacturers and exporters, across all sectors, Berat Albayrak said, "We aim to facilitate SMEs' access to working capital financing and to strengthen their production, employment, trade, and export opportunities and capabilities along with their financial structures."
Loan with a 1.54% interest rate and a 36-month term
Albayrak stated that they aim to strengthen SMEs and prepare a high value-added production infrastructure, and provided the following information: “With this package, which we call the SME Value Credit, businesses in the manufacturing and export sectors will be given loans up to a maximum of 1 million TL, and firms in other trade and service sectors will be given loans up to a maximum of 500,000 TL. This roughly means we will reach at least 20 to 40 thousand businesses. This loan will be provided by our participating banks with a 6-month grace period for principal payments, a total term of 36 months, and a monthly interest rate of 1.54%. I hope that this package, totaling 20 billion TL, will be beneficial for all our SMEs.”
Initiative of 13 banks
Minister Albayrak emphasized that Turkey overcomes all kinds of difficulties thanks to the capacity and potential of its 81 million people, and said, “The SME Value Credit is being implemented thanks to 13 banks creating such a package entirely on their own initiative. It has no impact on our Treasury. It is the re-utilization of the limits that have already been allocated, used, and repaid by the Credit Guarantee Fund (KGF).”
The SME Value Credit package was signed by Ziraat Bank General Manager Hüseyin Aydın, Albaraka Türk General Manager Melikşah Utku, Alternatif Bank General Manager Kaan Gür, Denizbank General Manager Hakan Ateş, QNB Finansbank CEO Temel Güzeloğlu, Şekerbank General Manager Servet Taze, Türk Ekonomi Bankası Deputy General Manager Turgut Boz, Halk Bankası General Manager Osman Arslan, Vakıflar Bankası General Manager Mehmet Emin Özcan, Garanti Bankası General Manager Ali Fuat Erbil, Vakıf Katılım General Manager İkram Göktaş, Yapı Kredi Bankası General Manager Gökhan Erün, and Ziraat Katılım Bankası General Manager Metin Özdemir.
Source: www.hmb.gov.tr
Photos
