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2 clusters · 2 sources · 14 days · First seen · Last updated

Turkish banking and commercial credit trends

Overview

Turkish financial institutions and business leaders have focused on varying aspects of credit availability and interest rates. Initially, several banks launched interest-free financing campaigns, offering cash advances, loans, and overdraft accounts of up to 100,000 TL to attract or support customers.

Subsequently, business leaders in Konya called for banks to lower commercial and SME loan rates. They argued that banks should pass on the benefits of monetary policy normalization and reduced market funding costs to the real sector, noting that current interest rates between 45% and 55% for SMEs, combined with stringent collateral requirements, are hindering production and investment.

Entities

TEB · Akbank · İbrahim Burkay · Selçuk Öztürk · Garanti BBVA

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Turkish business leaders urge banks to lower commercial loan rates

    Turkish business leaders urge banks to lower commercial and SME loan rates following the Central Bank's recent steps to reduce market funding costs and normalize financial markets.

  2. 16 days ago

    [BUSINESS] 4 sources
    Turkish banks launch interest-free loan and cash advance campaigns

    Turkish banks are offering interest-free financing campaigns, including loans and cash advances of up to 100,000 TL, with varying terms and eligibility requirements across major institutions.

Sources

anadoludabugun.com.tr · dunya.com