Turkiye: Three state-owned banks announces employment-oriented loan programs

Announcement

31 Oct 2019

On 31 October 2019, three state-owned banks made a joint statement regarding introducing four new employment-oriented loan programs, namely working capital loan for the manufacturing sector, working capital loan for the services sector, working capital loan for the construction sector, and working capital loan for the overseas contracting services sector.

Source

Number of interventions

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Nov 2019

Revocation date:

No revocation date

Updated: 31 Oct 2019

Trade finance In force

On 31 October 2019, three state-owned banks, namely ZiraatBank, Halkbank, and Vakifbank, made a joint statement regarding introducing 4 new employment-oriented loan programs aimed at contributing t...