Press Release on Advance Loans Against Investment Commitment (2023-48)
No: 2023-48
23 November 2023
Press Release on Advance Loans Against Investment Commitment
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The implementation framework for advance loans against investment commitment (ALAIC) has been restructured. |
According to the new implementation framework, taking into account the Technology/Strategy score of the firms’ investment projects with a minimum total investment amount of TRY 1 billion will be eligible for allocation of ALAIC via intermediary banks.
The interest rate for loans, which will be extended with a maximum maturity of 10 years, will be set between 30% and 15%, depending on the Technology/Strategy score, the ratio of external financing for the investment, and the financial soundness assessment.
The new ALAIC program has been allocated an annual limit of TRY 100 billion. The program envisages a total limit allocation of TRY 300 billion over the course of three years.
Contact
For further information please send an e-mail to basin@tcmb.gov.tr.