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KGF Support to 8,000 SMEs from Şekerbank

08.08.2017

Şekerbank T.A.Ş. has announced its financial tables for the first six months of 2017. 69 percent of the assets of Şekerbank, which raised its balance sheet size to 27 billion TL with an increase of 17 percent in the first half of the year according to nonconsolidated data, was comprised of loans. Raising its total credit size to 18.5 billion TL with a 15 percent increase as of the end of June, the Bank financed nearly 8,000 SMEs in the scope of Credit  Guarantee Funds (KGF) in the first six-month period. 

Şekerbank’s net period profit for the first half of 2017, which increased by 148 percent compared with the same period of last year to realize 51.6 million TL, reinforced the power of the Bank’s deep rooted and wide based deposit portfolio in Anatolia to reach a total deposit size of 17 billion TL with an annual growth of 13 percent. By diversifying its liability structure with the nearly 300 million TL in subordinated loans acquired in the second quarter and increasing its rate of growth, Şekerbank exceeded 2.5 billion TL in total equity size as of June 2017.

Servet Taze: “We provided 70 percent of the KGF secured loans to SMEs”
Şekerbank T.A.Ş. General Manager Servet Taze, who evaluated the first six month’s balance sheet data of Şekerbank, pointed out that in order to carry out the mission of Şekerbank since its foundation, which has been to support small producers, the bank has been giving priority to farmers, tradesmen and small and medium scale  businesses. Taze underlined the fact that the bank was also giving priority to SMEs for loans in the scope of the Credit Guaranteed Funds (KGF) that have been accelerating the sector since the end of 2016 and added: “The resources that have flowed into the real sector in the first half of the year with the effects of reforms and incentives have had a positive impact on the speed at which our country’s economy is growing. We have been able to be on the producer’s side in this period, with awareness for the responsibility that falls on us, thanks to our deep-rooted branches that have been serving at the same locations throughout Anatolia for half a century. In the first six months of this year we have provided 70 percent of the financing we supplied to the real sector in the scope of KGF secured loans to our farmers, tradesmen and SMEs. We plan to continue and increase the support we have been providing to the farmers and small businesses that form the most important links of the production chain to achieve the sustainable growth of our economy.”