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  • 24-03-20

    Turkish state lenders to announce packages for supporting economic activities

    (MENAFN) Packages for helping economic activities in Turkey, following the recommendations of the Turkish Banking Association (TBB) to face the impacts of coronavirus outbreak, as said by Turkish state lenders, Ziraat, VakifBank and Halkbank.


    TBB said that "credit access should be easy and flexible to all lenders for their customers who need additional loans due to a provisional disruption in their revenues-expenses balance, have difficulty in the timely repayment of their liabilities, have the intention to repay their debt on time."


    According to three separated statements by three banks, we would delay loans of people and firms and also offer flexibility to their customers.


    Banks will offer long-term delays of up to 12 months for some sectors which were affected by COVID-19 the most, like tourism and public transportation.

    MENAFN2403202000450000ID1099902968

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