New 100 billion TL loan package from the Central Bank
The Central Bank has introduced a new implementation framework for investment-committed advance loans, announcing that an annual limit of 100 billion TL has been allocated for these loans.
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The Central Bank has announced that the framework for investment-committed advance loans has been redefined.
According to the CBRT's statement, the investment-committed advance loan will be provided through intermediary banks for investment projects with a total investment amount of at least 1 billion TL, taking into account the technology/strategy score that companies will receive for their investment projects.
The statement noted, “The interest rate for loans to be utilized with a maximum maturity of 10 years will be determined between 30 percent and 15 percent, depending on the Technology/Strategy score, the ratio of financing provided from abroad within the scope of the investment, and the financial soundness assessment.”
For the aforementioned loans, which have an annual limit of 100 billion TL, it is planned to allocate a total limit of 300 billion Turkish liras over 3 years within the scope of the program.