DenizBank, which has recently implemented a breath loan of up to 6 billion TL with its 7.5% interest rate and 2-year maturity terms for SMEs, in cooperation with TOBB, is now 175 Million Dollars from the European Bank for Reconstruction and Development (EBRD) ( 1.25 Billion TL) provided fresh up to 2 years maturity.
The said resource will be used to support small and medium-sized agricultural enterprises, financing small and medium-sized municipalities, as well as for export-oriented raw materials and semi-finished goods, which is an important requirement of our country.
DenizBank will make use of the loan it provides in foreign trade transactions in June, especially for the support of small and medium-sized enterprises operating in the agricultural sector, the access of small and medium-sized municipalities to financing, and the re-production of imports.
“WE ARE HAPPY TO PROVIDE THIS SOURCE TO OUR COUNTRY”
Hakan Ateş, General Manager of DenizBank, who made evaluations regarding the agreement, said: “We are very happy to provide this fresh resource of 175 million dollars (1.25 billion TL) to our country. We have always been at the right points in the financial sector, with the EBRD, which provides the necessary facilities, and always together with our SMEs, who are the lifeblood of our country, and our farmers, whose families we owe, our bread.
In this challenging period, we consider it a national duty to produce cheap and affordable financial solutions that will enable them to manage their costs. With the same understanding, we have undertaken an important initiative with the Nefes Project, which we have implemented in cooperation with TOBB. In December 2019, we secured a record syndicated loan with $ 1.1 billion from international markets, again with the contribution of EBRD.
As always in these difficult days when the corona virus epidemic was effective on a global scale; We will continue to carry out the national duty of being beside our farmers, SMEs, local administrations and our tradesmen who have produced the imports inside and transformed them into exports. ”
European Bank for Reconstruction and Development Director for Turkey, Arvid tuerkei in his statement for the loan be provided, “the EBRD’s objectives as a major investor in Turkey, these challenging times in the financial sector and to ensure the stability of the economy as a whole,” he said.
