Minister of Commerce Pekcan said, “We have reduced the interest on TL loans provided by Turk Eximbank to SMEs and exporters producing high-tech products to 7.95 percent.” said.
Minister of Commerce, Ruhsar Pekcan, stated that a new regulation has been introduced that will allow exporters to use Turkish lira loans at lower costs, and said, “In this context, Turk Eximbank reduced the interest rate on Turkish lira loans extended to SMEs and exporters producing high-tech products to 7.95 percent.” he said.
In her written statement, Pekcan stated that the financial needs of exporters for working capital and investments continue to be met by Türk Eximbank with appropriate maturity and interest opportunities.
Emphasizing that there has been a positive financial and economic atmosphere in the domestic markets recently with the reduction in policy interest rates carried out by the Central Bank of the Republic of Turkey, Pekcan said:
“Turk Eximbank continues to support our fight against interest under the leadership of our President, Mr. Recep Tayyip Erdogan. In this context, a new interest rate regulation has been made that will allow our exporters to use Turkish lira export loans at lower costs. Continuing to reduce interest on Turkish lira and foreign currency loans, Turk Eximbank, SMEs It reduced the interest rate on Turkish lira loans extended to ‘s and exporters producing high-tech products to 7.95 percent. The decrease in Turkish Eximbank Turkish lira loan interest rates, which was 17.60 percent in June last year, to 7.95 percent, will further reduce the financing costs of our exporters. .”
Pointing out that Turk Eximbank provided 44.1 billion dollars of financing support to exporters in 2019 and that this support will continue to increase in 2020, Pekcan stated that attractive interest rates will make a significant contribution to the competitiveness of exporters. Pekcan wished that this application would be beneficial for exporters.
