TOBB urges Central Bank: 'Financing is oxygen for real sector'

Turkey's business world, represented by the Union of Chambers and Commodity Exchanges of Turkey (TOBB), has directly engaged with the nation's central bank to address critical financial challenges. TOBB President Rifat Hisarcıklıoğlu and other board members met with Fatih Karahan, the President of the Central Bank of the Republic of Turkey (TCMB), at TOBB's headquarters.

The primary focus of the discussion was the accessibility of finance for businesses. Hisarcıklıoğlu stressed the vital importance of this issue, stating, "Financing is the oxygen for the real sector." He highlighted that firms are Turkey's national wealth and underscored the need to protect their capacity for production, investment, employment, and exports. Hisarcıklıoğlu conveyed the real sector's difficulties and proposed solutions to the central bank leadership.

Key topics included the impact of growth limits on commercial loans and the broader struggles encountered by businesses. The meeting, which followed a prior discussion with public bank general managers, aimed to foster a mutual exchange of ideas. TOBB presented its concerns and suggestions regarding these pressing economic matters to the TCMB president, emphasizing that continued access to financial resources is crucial for the real sector's survival and growth.