Union of Chambers and Commodity Exchanges of Turkey

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.”