$100 million new resource for SMEs

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Last month, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) with a total of 227 million US Dollar in addition to the amount of AIIBThis resource from SMEIt will contribute to the country’s economy by meeting the financing needs of the countries.

Gamze Yalçın, Deputy General Manager of İşbank, said in a statement on the subject that there were high increases in energy prices and disruptions in supply chains. Covid-19 He emphasized that in the current economic conjuncture, where the effects of the epidemic on the economy continue, it is important to offer the long-term resources they receive from AIIB to the use of SMEs.

Stating that this resource will positively affect the increase in the financial resilience of enterprises and the creation of new employment opportunities, Yalçın said, “This loan, which is an indicator of the trust placed in İşbank in the international markets, is the first transaction of Türkiye İş Bankası with AIIB. We are very pleased that a reputable institution such as AIIB has joined the international financial institutions that our bank cooperates with. We believe that the relationship with AIIB will continue to strengthen in the coming periods.”

Najeeb Haider, Director General of Asian Infrastructure Investment Bank, stated that they see this resource they provided as an example of their determination and capacity to support member countries and partner organizations within the scope of the program to reduce the effects of the Covid-19 epidemic. Emphasizing that they see this transaction as the beginning of their long-term and mutually beneficial cooperation with İşbank, Haider said, “We are committed to supporting SMEs, which are the backbone of the Turkish economy, and cooperating with İşbank, the largest private bank of Turkey, under the challenging conditions of the world economy. We are very pleased,” he said.

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