17.10.2018 İstanbul
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Banks Association of Turkey (TBB) Board of Directors held a joint meeting. The meeting at TOBB's Istanbul Service Building was held under the chairmanship of TOBB President M. Rifat Hisarcıklıoğlu and TBB President Hüseyin Aydın. Recent developments in international markets and in Turkey's economy, the latest situation in the money and capital markets, the recommendations of the corporate and financial sectors and expectations were evaluated at the meeting of the real sector and the financial sector with participation of the highest level representatives of both sectors.
During
the meeting in which the issues on the agendas of the real sector and financial
sector were discussed in detail, keeping channels of credit open by the Banks
Association of Turkey, maintaining sensible approach to maturity and pricing
engagements, advisory decisions regarding on credit structuring issues,
restructuring practices end and the SME Support Credit Project as well as the concordat
application implemented at the end of September were discussed.
Evaluating
the meeting, TOBB President Hisarcıklıoğlu said, “With the meeting we held
today, we aimed to strengthen the dialogue mechanisms between the real sector
and the finance sector. we discuss how we can solve various access to finance
problems reflected to the public in accordance with the interests of Turkey and
the Turkish private sector. In this period, when SMEs form the backbone of the
economy, we believe that the real sector and the financial sector will act
together with the awareness that they are all on the same boat in order to ensure
brisk and stable growth.”
TBB
President Aydın pointed out the following points, “The banking sector, which
takes its power from the economy, is striving to maintain economic activity
without interruption. We believe that recovery will be quick in line with the
objectives and practices of the New Economic Program. We will continue to
contribute to the financing, balancing, targeted transformation and recovery of
production, investment, export and trade. As in the past, we will overcome
difficult times through cooperation between the real and finance sector, open
communication and constructive understanding. While the ratio of loans to
national income was 15% in 2002, it reached 70% in the first half of 2018. This
ratio will continue to increase in the coming years.”