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Turkey Announces Relief Loan Package for SMEs From June 1

TURKEY
  • Package provides working capital financing for SMEs at 17.5% annual interest rate
  • Payments will be made in 12 installments after 6-month grace period
  • Some companies with annual revenues under 10m liras ($1.2m) will be able to take advantage of the loan campaign

Lenders:

  • State-run lenders: Ziraat Bank, Vakifbank, Halkbank, Ziraat Katilim, Vakif Katilim
  • Private: Isbank, Garanti, Yapi Kredi, Akbank, Denizba - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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