Business · Economy · 12 hrs ago
TESKOMB-backed loans to Turkish tradespeople top 907.8 billion lira
Turkey has provided 4.79 million loans to tradespeople and artisans through a scheme backed by TESKOMB and funded by Halkbank.
The total covers lending from the end of 2002 through the end of October 2026.
The loans reached 907.8 billion Turkish lira over that period.
The scheme gives small businesses access to credit with support for the cost of financing.
The Treasury covered half of that financing cost under the terms described by the Trade Ministry.
Annual financing costs were 25% in 2025 and 20% in 2026.
The figures show the scale of the lending, but no further steps or changes to the scheme were announced.
Loans backed by TESKOMB and funded by Halkbank reached 907.8 billion Turkish lira by the end of October 2026.
A total of 4,786,084 loans were issued to tradespeople and artisans from the end of 2002 through October 2026.
The Turkish Trade Ministry shared the latest figures.
The loans had a 50% subsidy on financing costs from the Treasury.
The annual cost was 25% in 2025 and 20% in 2026.
- Who
- Turkish tradespeople and artisans received the loans, backed by TESKOMB and funded by Halkbank.
- What
- A total of 4,786,084 loans worth 907.8 billion lira were issued.
- When
- From the end of 2002 through the end of October 2026.
- Where
- Turkey.
- Why
- Not stated
This story does not have two clearly opposing sides.
The period covered by the ministry's loan figures began.
The loans had an annual cost of 25%.
The annual cost was 20%.
The total reached 4,786,084 loans worth 907.8 billion lira.
- Total loan value
- 907.8 billion lira
- Number of loans
- 4,786,084
- Guarantee
- TESKOMB
- Funding source
- Halkbank
- Treasury subsidy
- 50% of financing costs