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Kalkınma came together with Investors of Ankara
 
Home Page \ Archive \ Kalkınma News Archive 2009 \ Kalkınma came together with Investors of Ankara

Development Bank of Turkey Meeting Ankara Chamber of Industry (ASO) in Ankara

Abdullah Çelik, Chairman and General Manager of Development Bank of Turkey (Kalkınma), reported that they put deliberately emphasis on the energy sector loans and they received so far a demand of TL 1.3 billion regarding energy credits. As for credit and promotion facilities provided by Development Bank of Turkey to joint-stock companies, the Meeting with Investors he organized in conjunction with Ankara Chamber of Industry took place on September 16th, 2009 at ASO Zafer Çağlayan Assembly Hall. Giving brief information about the Development Bank of Turkey at the beginning of his speech, Abdullah Çelik said the Bank is evaluating now the loans much faster than in the past. Pointing out that they support investments quickly and with the most appropriate commission and interest rates, he said: “In short, our prices, terms and service are competitive. Our Bank has become able to meet henceforth the needs of first-class customers.  He reported that through their efforts of turning the crisis into opportunity, they had increased proportionally their loans much more than other public banks, with a proportion of 41.3 % a year during the period of June 2008-2009, peak of the crisis. They recorded an increase of 18 % in credits in the first 6 months of 2009 and expect that the increase will be more than 40 % for the whole 2009.

Abdullah Çelik stated that no firm had been afflicted by Development Bank of Turkey, and that they supported and will continue to support investors – which are financed by Kalkınma for their investments with a 7-12-year maturity – in times of crisis by not recalling loans and not increasing excessively interest and commission rates. He said that Development Bank of Turkey would continue to find loans with lower costs and longer terms from abroad with the assistance of the Undersecretariat of Treasury in order to serve investors, in an atmosphere where international inter-bank loans decreased by 5 trillion dollars in the last one year and the world is about to overcome one of the most severe financial crisis. He said also that Development Bank of Turkey is one of the agent banks to put into use European Investment Bank’s loans in the total amount of 400 million Euros in order to meet the financial needs in terms of renewable energy, energy efficiency and SME’s investment and operation, through a credit agreement signed with European Investment Bank. That Kalkınma is the first bank to have provided loans from Islamic Development Bank (IDB) to Turkey’s real sector investors, through a new credit agreement with a limit of $ 40 million signed with IDB, in order to finance SMEs investing in manufacturing industry.

Stating that they signed loan agreements with World Bank for $150 million to be used in financing renewable energy and energy efficiency investments, and with Clean Technology Fund (CTF) for $30 million, and that they put the loan into use for customers in June, he said: “Our Bank, which gives deliberately priority to energy sector financing, has received credit demands of TL1.3 billion regarding energy credits up to now. An important part of this demand is for hydroelectric power plant, the rest for wind, geothermal and bioenergy projects. A credit in the amount of TL566 million, provided from international organizations such as World Bank, European Investment Bank and Islamic Development Bank, is allocated for these projects. The amount of contracts signed with companies
has reached TL430 million. The number of projects financed up to now is 35, and the total amount of power of these projects has become 395.70 megawatts. Financing energy, tourism and manufacturing industry investments with grace periods and appropriate long-term interest rates through resources obtained from abroad, our Bank will continue to provide long-term financing for 50 to 75 % of the total investment, according to evaluation results and resources. Later, Hasan Üsküplü, Credit Marketing Manager of Development Bank of Turkey, made a presentation about credit-using conditions, loan types and guarantees. After the speeches, Abdullah Çelik, General Manager of the Bank, responded to questions of industrialists relating to the credits.