Press Releases and Announcements
We Stand by our Customers against the Impacts of the Coronavirus Pandemic
As Alternatif Bank, we continue to support our customers in order to mitigate the financial impacts of the Coronavirus pandemic.
Upon the request of our corporate and retail customers, we will be offering the opportunity for their loan’s principal, interest and installment repayments before April 30th to be postponed until June 30th under existing conditions.
We have included new measures to the support we offer to our customers in scope of the Economic Stability Shield measures in order to mitigate the impacts of the Coronavirus pandemic on the economy.
We have participated in the Cheque Payment Support Loan and Economic Stability Shield Loan Support packages that shall be offered through the support of the Treasury and under the guarantee of Credit Guarantee Fund with the aim of keeping the potential reflections of the pandemic on employment, production, trade and payment systems to the minimum.
We shall offer both packages with a 3-month principal and interest grace period, with a total of 12-month maturity and an annual interest rate of 9,5% to contribute to the protection of the commercial reputation of our customers and to cover their working capital needs.
Customers may utilize the Cheque Payment Support Loan up to a maximum of TL 10 million according to their annual turnover volume, in order to finance their cheques based on real commercial relations which were drawn before the date of announcement of this package.
Our customers may utilize the Economic Stability Shield Loan Support up to a maximum of TL 50 million according to their annual turnover volume, with the prior condition that they shall not decrease the number of their employees throughout the loan term as from the end of February 2020.
Regardless of their sector, our SME, corporate and commercial customers who were adversely affected by the pandemic may benefit from the packages whose applications shall start on March 30th.
We kindly request our customers to contact their branch for all queries and further information regarding this topic.