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SSB’s Loan Support Increasing for Defense Industry Investments

Issue 110

The protocols regarding the loan supports, which were applied for in 2020 within the scope of the Defense Industry Investment and Development Activities Support Program carried out by the Presidency of Defense Industries (SSB), were signed at the IDEF'21 Fair. SSB President Prof. İsmail Demir and the representatives of 19 companies that received loan support attended the signing ceremony.

SSB President Demir reminded that within the scope of the Defense Industry Investment and Development Activities Support Program, they provided maximum 10-year loans to support the investments and exports of domestic industrial organizations operating in the defense and aerospace industry. Stating that they signed a loan protocol worth TRY 90 million with 14 companies in 2019, Demir said, “We will sign a loan protocol worth TRY 140 million with 19 companies today, in consequence of the applications made in 2020. Thus, we will provide a loan worth TRY 230 million to 33 companies.”