High Interest Rates and Credit Burden Criticized at Business World Finance Meeting

Bringing together TOBB and regional chamber presidents at the Business World Finance Meeting held in Diyarbakır, participants drew attention to the weight of high loan interest rates and collateral problems on SMEs and the real sector, calling on authorities.

Summit Held in Diyarbakır

The Business World Finance Meeting Diyarbakır program was organized in partnership with the Diyarbakır Chamber of Commerce and Industry, Commodity Exchange, and Organized Industrial Zone. Numerous business world representatives and bank executives attended the meeting.

Interest Rate Warning from TOBB President Hisarcıklıoğlu

TOBB President M. Rifat Hisarcıklıoğlu stated that commercial loan interest rates range between 50 and 55 percent and reach 60 percent on a compounded basis, stating that this cost cannot be sustained for a long time. He said that the gap between the policy rate and commercial loan interest rates needs to be narrowed.

Critical Demands from Regional Chamber Presidents

Diyarbakır Commodity Exchange President Engin Yeşil demanded that the realities of the region be seen and resources be provided to the producing segments. Meanwhile, Diyarbakır Chamber of Commerce and Industry President Mehmet Kaya stated that numerous corporate headquarters were moved to other provinces in 2025.

Industrialists and the Banking Sector

Diyarbakır OIZ President Mustafa Fidan stated that the production will of industrialists is strong, but obstacles to accessing financing negatively affect investments. It was requested that banks focus on the cash flow of businesses as well as past balance sheets.