Page 47 - TURKRptDec19

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Turkish lenders' loan debt repayment obligations are going down. The real sector's external debt repayment obligations are going up. Overall financing needs remain high.
Turkey’s micro, small and medium sized enterprises (MSMEs) are to benefit from greater access to finance as the European Bank for Reconstruction and Development is extending a new loan to QNB Finansleasing, a leasing subsidiary of Turkish lender QNB Finansbank​, the development bank announced on November 21.
The bank is providing a syndicated loan of €50mn, of which €10mn will be syndicated under the EBRD’s A/B loan structure.
The financing follows a previous loan of €25mn extended in 2018 and comes as medium-term lending in Turkey remains constrained by economic vulnerabilities, the EBRD said.
Although often a viable alternative to bank financing, the share of the Turkish leasing market in the country’s GDP is one of the lowest among comparable economies, the EBRD noted.
EBRD, Turkish lender TSKB to provide financing for Turkish flour producer Ulusoy Un​. A Turkish flour producer, Ulusoy Un, will purchase, store and sell agro-commodities with the use of a loan provided jointly by the European Bank for Restructuring and Development (EBRD) and Turkiye Sinai
47​ TURKEY Country Report​ December 2019 ​ ​www.intellinews.com