By the end of July, the loan amount given by the Turkish banking sector to companies operating in the field of agriculture increased by approximately 14 billion TL compared to the end of last year. Thus, the total loan stock of the agricultural sector increased to 121 billion 832 million lira.
Agricultural loan balance increased by 14 billion liras in 7 months.
According to the information compiled from the Banking Regulation and Supervision Agency (BDDK) data, the amount of loans provided by the Turkish banking sector in agriculture, which was 107 billion 834 million at the end of 2019, reached 121 billion 832 million TL at the end of July this year. The agricultural loan balance of the sector increased by 13 billion 998 million lira in the 7-month period. Of the 121.8 billion lira loan balance in the agricultural sector, 35.5 billion lira was short-term, 81 billion lira medium and long-term, 5.3 billion lira non-performing loans.
600 thousand farmers have credit cards in their pockets; Credit cards are used for the most important inputs
Burak Koçak, Deputy General Manager of DenizBank Agricultural Banking Group, stated that they entered into agricultural banking with the acquisition of Tarişbank in 2003, reaching a high market share of 48 percent among private banks in 17 years.
* Explaining that they cooperate with all the stakeholders of the sector in the most important input items such as fertilizer, medicine, feed, seed and fuel oil, Koçak said that from this point of view, the Producer Card is used in shopping by members like a cooperative with 600 thousand members.
Agricultural loan balance increased by 14 billion lira in 7 months ...
5.3 billion of them fell under follow-up According to the information compiled from the Banking Regulation and Supervision Agency (BRSA) data, the amount of loans provided by the Turkish banking sector in the field of agriculture, which was 107 billion 834 million at the end of 2019, reached 121 billion 832 million TL at the end of July this year. Thus, the agricultural loan balance of the sector increased by 13 billion 998 million TL in the 7-month period. The balance of the agricultural loans provided indicated an increase of 13 percent as of the end of July compared to the end of 2019. Of the 121.8 billion lira loan balance in the agricultural sector, 35.5 billion lira was short-term, 81 billion lira medium and long-term, 5.3 billion lira non-performing loans.
The fishing industry is also in the credit spiral
While the loan balance granted to the fishing industry was 2 billion 546 million lira at the end of 2019, this amount increased to 3 billion 202 million lira by the end of July. In the 7 months since the beginning of the year, the loan balance granted to the fishing industry increased by 656 million TL. Out of the loan balance extended to the fishing industry, 759 million TL was short, 2 billion 265 million TL was medium and long term and 177 million TL was non-performing loans.
"We made 258 billion TL loan available"
Ferhat Pişmaf, Marketing Group Head Responsible for Agricultural Banking at Ziraat Bank, stated in a statement that the amount of loans they provided for agricultural production exceeded TL 258 billion in the 2010-2020 period, and the number of producers they made loans to exceeded 4.5 million, and said, “As of the end of August, We have 685 thousand producers and loans over 73.4 billion TL. 33 percent of these loans are investment loans and the remaining part is business loans. " said.
600 thousand farmers use credit cards for the most important inputs
Burak Koçak, Deputy General Manager of Denizbank Agricultural Banking Group, said that they entered into agricultural banking with the acquisition of Tarişbank in 2003, reaching a high market share of 48 percent among private banks in 17 years. Explaining that the number of contracted workplaces is around 17 thousand and that they cooperate with all the stakeholders of the sector in the most important input items such as fertilizer, medicine, feed, seed, fuel oil, Koçak said that from this point of view, Producer Card is like a cooperative with 600 thousand members. He said he used it.