May 29, 2023

Turkish President Recep Tayyip Erdogan announced that banks will allocate 50 billion liras of their 2022 profits to the earthquake zone.

Iş Bank decided to donate a total amount of 1 billion Turkish liras to the Presidency of Disaster and Emergency Management (AFAD), which organizes aid in the region, in order to contribute to the support provided to disaster victims.

Ish Bank announced the cancellation of the personal loan debts of its customers who lost their lives in the earthquake zone, and the postponement of loans granted to real people and small and medium-sized companies for a period of 6 months without interest.

In its statement, Akbank also announced that it will provide support of 650 million Turkish liras in addition to the work it has done for the disaster area so far.

“Akbank” customers who have an account or live in the provinces most affected by the earthquake disaster “Kahramanmaraş, Kilis, Diyarbakir, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adiyaman, Malatya, Hatay” or who have credit cards and consumer loans in These boycotts, their interest-free payments are deferred.

Within the scope of financial support, Akbank customers living in these provinces are also given the opportunity to defer their commercial loans.

On the other hand, Yapi Credit Bank will donate 580 million liras for the benefit of the Disaster and Emergency Management, according to its accounts on social media.

The Association of Turkish Banks recommended deferring the debts of individual and real commercial enterprises in 5 earthquake-affected provinces and two provinces in Gaziantep without interest for a period of 6 months.

In his statement following yesterday’s cabinet meeting, President Erdoğan spoke on the subject:

Where he said: “Our banking sector, under the leadership of the Ministry of Treasury and Finance, allocated a certain percentage of its profits for the year 2022 to the earthquake as a solidarity package, so far, about 50 billion pounds. This amount will be used for the work to be done for the earthquake victims.”

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