Ziraat Bank CEO and Member of the Board Hüseyin Aydın said that the agricultural loans balance, which was 18 billion TL at the end of 2012, reached 76 billion TL as of September 30, 2020 and that the share of agricultural loans in the sector increased to 65 percent.
Aydın drew attention to the strategic importance of food and agriculture emerged during the pandemic period.
Stating that while the price of fertilizer, seed, feed and fuel increase, Aydın noted that the price of tomato, meat or milk will also rise too.
“On the one hand, we should strengthen the traditional small agricultural enterprises, on the other hand, bring modern agricultural techniques to our country and create technology-intensive large enterprises that can lead the industry,” Aydın said.
“We will continue to support our agriculture with much stronger and suitable conditions”
“In the period of 2012-2020, the agricultural loans we provided directly to our farmers exceeded 239 billion TL, and the number of producers using loans also exceeded 3.5 million,” Aydın added.
“The balance of our agricultural loans, which was 18 billion TL at the end of 2012, reached 76 billion TL as of 30 September 2020. The number of our loan producers increased from 500 thousand to approximately 700 thousand. In parallel, our share of agricultural loans in the sector rose to 65 percent. Ziraat Bank, although its traditional mission is finance of agriculture, with its vision of being the bank of everyone, with its assets approaching 1 trillion liras, 575 billion liras loan volume, 85 billion liras equity size, more than 30 million customers, has 1734 branches across the country and 111 points in 18 countries abroad; It is the largest bank in our country. We will continue to support the country’s agriculture with much stronger and more favourable conditions, as we have been for 156 years,” Aydın concluded…