TUTSO, people's Bank of Turkey sign cooperation protocol

TUTSO, people's Bank of Turkey sign cooperation protocol

Turgutlu Chamber of Commerce and Industry (TUTSO) and Halk Bank of Turkey signed a cooperation protocol ‘Commercial Credit Card and secured supply chain financing project’.

Turgutlu Chamber of Commerce and industry (TUTSO) of the members, to simplify the cash flow, cost trades easy financing facilities, and secure supply chain by participating in their commercial credit risk to be able to continue life with no thought of the people's Bank of Turkey, Turgutlu branch ‘Initial Commercial supply chain finance with a credit card Secure Project’ signed a cooperation protocol.

The protocol implemented within the scope of the ‘Paraf Commercial Credit Card and secured supply chain financing’ project initiated by the Association of Chambers and Commodity Exchanges of Turkey (TOBB) with the Halk Bank was signed between TUTSO Chairman Faruk Aydin and Mikdat Searchlight, Turgutlu Branch Manager of the Halk Bank of Turkey.

At the signing ceremony held at Turgutlu Chamber of Commerce and Industry, president Faruk Aydin noted that the support of public banks is important for the real sector, which is undergoing difficult days due to the pandemic.

Aydin, who noted that an important step was taken to relax the real sector with the project of the people's Bank of Turkey, said: “We signed an agreement that offers a solution to problems, eliminating the risks and doubts of the buyer and seller in commercial life. With Halk Bank's card payment system, the buyer and seller will shop in confidence. The sellers said, " I sold my property, but can I collect my money?"he won't worry, buyers will get rid of the worry," I've provided my supply but will I be able to pay," " he said.

ZERO RISK UP TO 18 MONTHS INSTALLMENT

President Aydin, who stated that the supply chain between buyers and sellers will be able to continue without a hitch with the opportunities provided by the signed protocol, said: “up to 18 months of installment is provided for purchases with a card that will be used at a rate below deposit interest rates. In this way, our members will be able to continue their trade by reducing the collection risk to zero with a maturity of up to 540 days,” he said.

Aydin,’ Paraf Commercial Credit Card Supply Chain Finance Project ' thanks to traders can comfortably focus on business, investment, exports and have a share in the development of the country's economy, stating, "I wish this path that we have come out with the people's Bank to be good for our member,” he said.