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FinancialNews


  • 27-10-20

    Turkey to improve economy post pandemic

    (MENAFN) As a way to overcome the dramatic impact the novel virus had on Turkey's economy, the Turkish state-run lenders revealed on Monday, October 26th, that they have been working on a stimulus package for micro industries.

    Ziraat, VakifBank and Halkbank have made a mutual statement, where they said that the goal of their package is to preserve the cash flow between small and medium enterprises (SMEs) and their providers through cash sustain.

    Firms who have turnover of up to 3 million Turkish liras (USD371,055) will profit from the loan of up to 100,000 liras (USD12,372) with a 48-month development and an annual interest rate of 11.5 percent.

    MENAFN2710202000450000ID1101022243

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