10.12.2020 Ankara
Bankkart Supply Chain Financing Project Launch was held with the participation of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) President M. Rifat Hisarcıklıoğlu and Ziraat Bank General Manager Hüseyin Aydın. With the protocol signed by Hisarcıklıoğlu and Aydın, cooperation was made for easy financing opportunities in the purchase and sale of commercial goods.
TOBB President M. Rifat Hisarcıklıoğlu
stated that they have started a very important cooperation with Ziraat Bank, “We
bring a secure trading system and easy financing opportunity to all our members
in the purchase and sale of commercial goods. Thus, we make a significant
contribution to maintaining the supply chain without disruption. With Ziraat
Bankkart, we bring a win-win approach to the economy. We facilitate the
operation and continuity of the Supply Chain. We are paving the way for buyers
and sellers to shop safely.” In this way, Hisarcıklıoğlu pointed out that
producers or sellers can sell their goods safely without dealing with
collection procedures, “They will receive the price of the goods they sell in
advance or in installments with Ziraat bank guarantee without risking
receivables. That way they'll have made cash flow predictable. Buyers will also
meet their supply needs by obtaining financing at appropriate maturity and
cost. They'll get a loan that reaches a year and a half. They will pay with
flexible maturity. So they'll ease their cash flow. In short, when it is needed
to buy goods, purchase is made with this card without paying. The seller sells
his goods safely and collects his money from the bank without worrying.”
- All chamber commodity exchange members and sector council members will
be able to benefit
TOBB President Hisarcıklıoğlu stated that
chambers and exchanges in 81 provinces and 160 districts and all members of the
61 Sector Councils can benefit from this system both as sellers and buyers
within the limits to be determined by Ziraat Bank according to turnover and
creditworthiness, and said that this system, which will secure the supply
chain, will also help SMEs reduce their loan interest rates. In the next phase,
Hisarcıklıoğlu emphasized that falling financing costs will encourage SMEs for
investment and production; SMEs will make financial stability and the supply
chain more stable and guarantee supply channels. He added that this would
motivate large companies in the buyer position to be involved in this supply
chain financing.
- Contribution of Breath Credits
Hisarcıklıoğlu reminded that as TOBB and
365 Chamber-Exchanges, they organized Breath Credit campaigns during the
periods when economic difficulties were felt most intensely, “We combined all
the resources we had and provided low-cost credit support to our members. With
the campaigns we have organized in the last 4 years, 150,000 companies have
received financing under favorable conditions of 15 billion liras with KGF
bail. When the pandemic started this year, we started the Breath Credit
campaign. 50,000 companies reached 3 billion liras with KGF bail.”
TOBB President Hisarcıklıoğlu thanked
Ziraat Bank General Manager Hüseyin Aydın and all employees for the implementation
of this project.
- Ziraat Bank General Manager Hüseyin Aydın
“With our Bankkart Başak Supply Chain
Finance product, we build a large supply chain between buyers and sellers and
offer a special pricing and maturity advantage through our member workplace and
corporate card infrastructure,” Ziraat Bank General Manager Hüseyin Aydın said.
Aydın said that the “Bankkart Başak Supply
Chain Financing” product added a new one to their cooperation with the Union of
Chambers and Commodity Exchanges of Turkey (TOBB) as Ziraat Bank at the online
promotion meeting.
Aydın said that they financially support
all links of the production and trade chain and all parties in the sectors with
a 360-degree approach from soil to table, sea to table with Bankkart Başak Supply
Chain financing product:
“With this product, we build a large
supply chain between buyers and sellers and offer special pricing and maturity
advantage through our member workplace and corporate card infrastructure. The
buyer and seller will trade between themselves safely through the card payment
system, thus increasing their business volume. The risk of collection between
buyer and seller will be eliminated and the buyer will be provided to reach the
product and raw materials faster. The buyer and seller will be able to create a
payment schedule that suits their cash flow. TOBB and its 365
chambers/exchanges and 61 sector council members will be able to benefit from
maturity and financial advantages of up to 540 days for their purchases with
Ziraat Bank's corporate card Bankkart Başak. Sellers who are members of
contracted professional union or associations will have the opportunity to
collect at special rates the next day or with a bank guarantee in blocked or installment
maturities.”
- “We ensure stability and continuity in production, employment and
trade”
With this system, Aydın said, they support
more effective and efficient trade by eliminating the risks in the chain, meet
the buyer's financing needs, and ensure stability and continuity in production,
employment and trade.
With the agreement signed with TOBB, Aydın
stated that with its widespread branch network and strong digital banking
infrastructure all over Turkey, they will allow TOBB members in all corners of
the country to reach financing under favorable conditions and to trade under
the assurance of Ziraat Bank, “It is one of our primary objectives to transform
the structure we have recently established to expand 'safe trade' into an
e-commerce platform. I hope that the project will be beneficial for our
country, our producers, our merchants, and consumers.”