Statement by Participation Banks Association of Turkey (24/03/2020)
- It has been announced that;
- installments, dividends and principal payments of the customers who use individual and corporate funds shall be postponed from 1 month to 12 months upon request,
- customers whose cash flows are disrupted or forecasted to disrupt and who may experience payment problems will be configurated with appropriate maturity options,
- An additional financing limit will be defined up to “3-month salary expense” for customers who receive their staff salaries through participation banks,
- customers with financing limits in participation banks will be met urgently by the working capital and additional limit requirements for the Direct Debit System.