Statement on Commercial Loan Interest Rates and Boundaries from BTSO President İbrahim Burkay

Bursa Chamber of Commerce and Industry Chairman İbrahim Burkay stated that he found the Central Bank's resumption of repo auctions positive and asked banks to reflect the decrease in funding costs onto commercial loan interest rates.

Central Bank Move

Bursa Chamber of Commerce and Industry Chairman İbrahim Burkay evaluated the Central Bank of the Republic of Turkey's resumption of 1-week repo auctions as a critical normalization move for the sustainability of production in the fight against inflation.

Funding Costs

It was stated that although the policy interest rate was kept constant, the banking system's funding cost being pulled down from the overnight level of 40 percent to the weekly repo level of 37 percent corresponds to a 3-point reduction in the market.

Loan Interest Rates

It was emphasized that it is essential for the continuity of production and employment that banks reflect the decline achieved in funding costs onto commercial loan interest rates, which range between 45 and 55 percent, without losing time.

KOSGEB Supports

The start of applications for the 3rd period of 2026 for the Capacity Development Support Program carried out via KOSGEB within the body of the Ministry of Industry and Technology was welcomed with satisfaction.

Nefes Credit Works

While SMEs' need for favorable conditions loans continues in the face of high financing costs and cash tightness, it was reported that work to put a new Nefes Credit package into effect is continuing uninterrupted.