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Speaking to the AA correspondent, the president of the Istanbul Chamber of Commerce (ITO), ibekib Avdagiç, said that in this historically important process, public banks are standing next to the real sector and private banks are waiting to put their hands under the stone.
Avdagiç “For BRSA’s decision to limit banks to exchange transactions, BRSA gave speculators a ‘Withdrawal from TL’. It should not be forgotten that this decision is related to the damage the coronavirus (Kovid-19) will cause to global scale. we believe we will meet. ” I found the evaluation.
Avdagiç swaps of market conditions in the facilities of the banks of the Central Bank of the Republic of Turkey (CBRT), indicating that it is feasible to provide through “The opportunity to exchange abroad for those who are not the need, but the speculation has been closed. Our economic management will not allow them to take advantage of this opportunity. BRSA says to financial institutions” deliver TL to SMEs, abroad and buy dollars. “ He spoke in the way.
Noting that there are no restrictions for the exchanges that will take place in the country, Avdagiç, who is also the president of BRSA, Akben, “Therefore, the CBRT exchange facility is open to those who need it, and foreign exchange transactions are closed to those who are after speculation.” he spoke.
“LIKE TIM, WE CONTINUE PRODUCING OUR EXPORTERS AND FOR OUR COUNTRY”
Turkey Assembly Exporters (TIM) President Ismail Shot all the major economies in the world, in order to protect employment and production in the country, said all necessary measures quickly explained.
Gülle continued her words as follows:
“Mr. President, Recep described by Tayyip Erdogan Economic Stabilization Shield package with a global epidemic of the world economy caused by the negativity of Turkey Economy, instilled reflections on the process of starting the business world to morality with the measures taken to its disposal After the packaging described, especially on the back Eximbank export credit The pioneering steps, such as deferment of payments and the extension of the maximum maturity of rediscount loans, and measures to ensure flexibility in all Installments and loan payments by our public banks and to facilitate the cash flow of companies have been a source of morality to manage this process in our business world.
such as the Eximbank and our public bank, union, union and at such a time that the highest level of solidarity, at this time from our private banks, measures they will take to support our real sector, this Turkish economy process will further provide important support in the name of positive reflection. We believe that our private sector banks must show the same proactive attitude in a period when our state produces solutions to every problem we transmit. As TIM, we continue to produce for both our exporters and our country by putting our hands under the stone. We believe that our private banks will also strive to provide support when we need unity and solidarity. “
“WE BELIEVE THAT BANKS WILL NOT UNDERSTAND SUPPORT TO ALL COMPANIES NECESSARY TO FINANCE”
The president of the Association of Independent Industrialists and Entrepreneurs (MÜSİAD), Abdurrahman Kaan, said: “One of the most visible effects of the coronavirus (kovid-19) epidemic process in the real sector has surely been the increase in liquidity needs and company cash. ” found in the description.
In this regard, Kaan pointed out that within the framework of measures and incentives taken by the administration of the economy, very important measures were taken to protect the cash flow of companies.
Credit Guarantee Fund on bail to double the capacity described the leadership, as well as public banks Support credit works continue, expressing Kaan life water property sector, “also by the Association of Turkish Banks, can participate in private banks, in addition to our state-owned banks, stability Economic Shield Credit support was announced Our expectation regarding the issue is that, in addition to the facilities provided by public banks, of course our private banks lay hands under the stone, because we can get out of this challenging process only by working in coordination and working together without any discrimination between public or private. ” He said.
In this context, Kaan stated that they support the instructions that the BRSA has sent to banks and believe that in this process, all banks will not be able to withhold support from all companies that need financing, especially SMEs.
“WE FOUND THE BRSA APPROACH CORRECTLY”
Erdal Bahçıvan, President of the Istanbul Chamber of Industry (ISO), declared that he was in an atmosphere of crisis, rarely seen in history, whose source was health, but which moved beyond the world of health and reflected negativities in many areas, especially in the economy.
The gardener noted:
“While countries are closed and trade has re-established, demand has declined and production has stagnated in many sectors, however, protecting human life and making daily life sustainable has become the goal. At this point, today, the production, solidarity, exchange, consultation and the common mentality of the nation In the economy, we appreciate the measures taken since the beginning of the epidemic. As industrialists, we have said that some measures must be taken urgently in the first days of the crisis and that there should be no blockage or congestion in finances, especially cash flow.
We also mentioned that you must be careful with employment, that it has a very important social dimension, and that everyone, especially the public, must mobilize to prevent employees from being victims. Furthermore, we have expressed the need to freeze all kinds of public accounts receivable for a certain period of time according to the course of developments in a process where cash flow problems are experienced. The Economic Stability Shield Package announced by our government covered some of these recommendations. As we are at the point we have reached today, we expect our private banks to shoulder their responsibilities by taking on some responsibilities as public banks and as a very important stakeholder in this process. Because the most important way for this process to cause the least damage to the economy is to protect production and employment. So there should be no interruption in the flow of financing. “
Stressing that companies, especially the industrial sector, have found that the BRSA approach is correct and that their demands within the limits of credit for liquidity and cash needs must be reasonably met, “I would especially like to point out that I consider that the BRSA advises that it is appropriate and important to avoid practices such as withdrawing credit, not using the current credit limit, increasing the price, hindering collateral conditions, and not restructuring with reasonable interest rates.” he spoke.
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