Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu issued a statements regarding the Respite Credits Project. Stating that, ‘Respite Credits,’ introduced in Izmir by Prime Minister Binali Yıldırım, will provide strong support for SMEs, Hisarcıklıoğlu said that they are very happy with the intense demand for the project.

Hisarcıklıoğlu pointed out that, through a change dictated by Prime Minister Yıldırım during the signing ceremony, the total credit volume increased from 5 billion TRY to 7.5 billion TRY, “This week, we received applications from 16,000 companies, reaching a volume of 2.5 billion TRY in the short period of one week. 7,000 of 16,000 applications have already been approved while the credit allocation process of the rest continues.”

Hisarcıklıoğlu emphasized that chambers and exchanges, as well as the branches of the banks which are supporting the project are expending extraordinary amounts of effort throughout the process.

“I urge all of our SMEs to apply to the chamber/exchange which they are registered with and then to Denizbank, Halkbank, Vakıfbank, Ziraat Bank, Vakıf Participation and Ziraat Participation in order to benefit from the Respite Credits, which have a monthly interest rate of 0.99%, annual rate of 11.88% with a maturity period of 6 months. We extend our most sincere gratitude to our President Recep Tayyip Erdoğan, Prime Minister Binali Yıldırım and the government for providing us the conditions to be able to provide our SMEs credit on such acceptable terms.”