31.08.2018 İstanbul
TOBB President M. Rifat Hisarcıklıoğlu pointing out the importance of the credit support considered a continuation of the “Respite Credits” which was viewed as an innovation in finance, at the “We Will Win Together” launch meeting, said, “We are pushing ahead with the cooperation of 8 banks. We are moving forward more strongly. This is an important project in which the real sector and the finance sector are forming a strong partnership.”
At the “We will win together: SME Support Credit Promotion” launch
meeting organized with the participation of TOBB President Hisarcıklıoğlu,
Treasury and Finance Minister Berat Albayrak and Trade Minister Ruhsar Pekcan, statements
in support of Turkey's economy and SME Support Loan.
M. Rifat Hisarcıklıoğlu stated that SME Support Loan will provide
significant financing support to SMEs and said, “Normally, if you deposit your
money in your bank today, you get 22-23% deposit interest from the bank and
unfortunately SMEs who want to use loans are subjected to interest rates over
30%; but if you use the Support Loan you will pay 1.85% per month and 22% per
year, meaning that SMEs will be able to borrow around the deposit interest rate
or 8-10% below the normal loan interest rates.”
- More powerful steps
Hisarcıklıoğlu stated that parties in the public sector, real sector and
finance sector have come together to provide SMEs' quality financing support. “In
fact, this is the continuation of the ‘Respite Credits,’ called an innovation
in finance by the President of Turkey. We have provided 5 billion TRY for 2017
and 7.5 billion TRY for the first half of 2018 with our Respite Credits. This
race to provide support we started last year with two banks, today, with the
support of the Turkey Banks Union (TBB) Chairman Huseyin Aydın, continues with
8 banks. We are now walking stronger. First of all, this is an important
project building strong bonds between the real sector and the finance sector.”
Hisarcıklıoğlu, pointing out that the architects of SME Support Credits
are Pekcan and Albayrak, explaining that Minister Albayrak is leading the
ministry through a very difficult period, went on:
“Since becoming Treasury and Finance Minister, Minister Pekcan has been
in consultation with the private sector, putting us first and seeking solutions
to our problems. Minister Pekcan has taken on the entire burden of the real
sector with the new structure of our Ministry of Trade.
Whether it is for merchants, industrialists, tradesmen, exporters or SMEs,
she is working to solve our problems day and night. She is a very successful
woman entrepreneur from our community. Today we are with two of our ministers
to reduce the credit costs for our SMEs. At a crucial time, we are re-launching
the SME Support Credit with the real sector and the finance sector working hand
in hand. We are here as TOBB, Ziraat Bank, Halkbank, Vakıfbank, İş Bank, Yapı
Kredi Bank, Garanti Bank, Vakıf Participation, Ziraat Participation and Credit
Guarantee Fund (KGF). I would like to thank all the bank general managers here
for their leadership. I am also pleased to welcome the newly joined İş Bank, Yapı
Kredi Bank and Garanti Bank.”
- “SMEs will benefit”
Hisarcıklıoğlu said that the resources of all chambers and commodity
exchanges have been mobilized for their members and expressed his pride in all
the chambers and commodity exchanges which are the main representatives of
Turkish entrepreneurs and SMEs.
Hisarcıklıoğlu explained that new loans of up to 10 billion liras will
be provided to SMEs within 2-3 months with the support of chambers and stock
exchanges. He gave the following information about the loans:
“The system is very simple in this project. From Monday, our member SMEs
will be able to apply to the bank branch they work with the membership
documents from their chambers or commodity exchanges. Our SME Support Credit
will be 1.85% per month. So the annual interest will be 22%. A member can use a
maximum of 200 thousand TRY credit and will not pay principal for 6 months, followed
by 12 equal installments for a total 18 months. 85% of the credits will be
covered by Treasury-backed KGF bail. In other words, our SMEs will not have a
serious collateral burden.
Let me simply: Normally, if you deposit your money in your bank today,
you get 22-23% deposit interest from the bank and unfortunately SMEs who want
to use loans are subjected to interest rates over 30%; but if you use the
Support Loan you will pay 1.85% per month and 22% per year, meaning that SMEs
will be able to borrow around the deposit interest rate or 8-10% below the
normal loan interest rates.”
In other words, we continue to innovate financially in the words of our
President. With this project, our SMEs will benefit, Turkey will benefit.
Turkey, despite those who targeting Turkey’s economy, will come out of this period
stronger. The unity of power around this table will accomplish this.”
Stating that TOBB will continue to work on behalf of the Turkish private
sector, as it has in employment mobilization, Respite Credits and domestic
automobile, Hisarcıklıoğlu said that those who invest in Turkey always win.
Hisarcıklıoğlu said, “As Turkish traders and industrialist we will what
we know best.”
“We will work more, produce more; we will win, our employees will win,
Turkey will win. As long as the unity of power around this table exists we will
accomplish many great works. We will win together “
- Minister of Commerce, Ruhsar
Pekcan
Trade Minister Ruhsar Pekcan stated that it has been noticed that there
are opportunist price increases and hoarding, not in line with the spirit of
solidarity, hoping to benefit from temporary fluctuations in the financial
markets. “As the Ministry of Commerce, we will continue to take precautions to
prevent the deterioration of the market.”
Pekcan said that this loan, which supports the backbone of the economy,
will be an opportunity for new entrepreneurs who have new ideas and want to
succeed, “I am sure we will get the positive results of this loan soon.”
Pekcan emphasized that the economy is channeling resources to the best
possible direction, where TOBB has directed the resources to the most suitable
place, SMEs.
- Treasury and Finance Minister
Berat Albayrak
Treasury and Finance Minister Berat Albayrak said, “While we focus on
the objectives we set out for our economy, we must not forget that we are in a
process that we must be constantly vigilant with all our institutions.”
Albayrak, speaking at the introduction meeting stated that it is
important that the slogan is, “Win Together.” “We will win against the economic
attacks targeting the nation's prosperity in the end.”
Albayrak stated that all institutions, NGOs, real sector and especially
banks are in solidarity in this struggle.
- Turkey Banks Union Chairman
Aydın
Turkey Banks Union (TBB) Chairman Hüseyin Aydın, credit rating agencies have
been publishing analysis and evaluations incompatible with Turkey's economic
data.
Stating that the Turkish banking system, which receives its power and
support from the economy, is in a healthy and balanced state, Aydın noted that
the banking sector works according to internationally accepted regulations.
Following the speeches of Hisarcıklıoğlu, Aydın, Pekcan and Albayrak,
the signing ceremony was held for the “We Will Win Together: Promotion of SME
Support Credit” meeting.
Pekcan and Albayrak witnessed the agreement signed by Hisarcıklıoğlu
with the general managers of the banks supporting the SME Support Credit. The
meeting ended with photo shoots.