ATO loan call to private banks

The chairman of the Ankara Chamber of Commerce (ATO) board, Gürsel Baran, stated that private banks should open the credit taps.

In his written statement, Baran noted that both private and public banks operate in Turkey, stating that all banks are willing to collect deposits, but private banks lag behind public banks when it comes to lending.

‘BANKS PASSED IN THE WAITING PROCESS’

Baran stated that members who applied to private banks for their funding needs could not get positive results and continued as follows:

“The banks closed the credit taps with the prediction that the Central Bank would increase interest rates and they entered the waiting period. When will the private banks open their credit faucets? The real sector has no time to lose. The banking system and the real sector are a whole.

Without forgetting this integrity and the fact that the need for resources from the real sector will affect the performance of the country’s economy, we believe that the loans should be operationalized. As we always say, I want to call the banks one more time, we need an umbrella when it rains, not when the sun shines.” (AA)