Agricultural investment and production cooperation from Kuveyt Türk and TÜMOSAN

Kuveyt Türk Deputy General Manager Responsible for SME Banking Abdurrahman Delipoyraz said that "We will continue to offer effective solutions to the financial needs of our farmers and to collaborate with leading institutions in the sector." Kuveyt Türk signed a collaboration with Turkish Motor Industry and Trade Com. (TÜMOSAN) in order to support agricultural investment and production.

According to the statement made by the bank, within the scope of the cooperation, Kuveyt Türk will provide financial support to farmers and TÜMOSAN dealers in many areas, from tractor financing to services.

Kuveyt Türk Deputy General Manager Responsible for SME Banking Abdurrahman Delipoyraz and TÜMOSAN General Manager Halim Tosun attended the signing ceremony held at TÜMOSAN Headquarters building.

Within the scope of the cooperation, a wide range of financial solutions will be offered specifically to TÜMOSAN dealers, from tractor financing to letter of guaranteed rates.

With the financing opportunities it offers to farmers and dealers operating in the agricultural sector, the bank aims to both ease the financial burden of farmers and contribute to the Turkish economy by encouraging economic growth in the agricultural sector.

Within the scope of the cooperation, the bank will offer interest-free and annual payment opportunity to TÜMOSAN dealers for tractor financing with contribution margin. Additionally, dealers will be able to benefit from the special rate letter of guarantee and DBS (Direct Debiting System) Agreement.

Farmers will have deferred payment options of up to 12 months for service and spare parts purchases.

With the Seed Card, farmers are offered the opportunity to finance expenses such as diesel fuel, fertilizer, agricultural vehicles, agricultural equipment, seeds and feed needed for agricultural activities and to postpone payments until the harvest period.

Kuveyt Türk Deputy General Manager Responsible for SME Banking Delipoyraz, whose speech at the signing ceremony was included in the statement, said that “they cooperated to support agricultural investment and production. We are pleased to be the first participation financial institution to cooperate with TÜMOSAN, one of the well-established diesel engine and tractor manufacturers of our country. With our cooperation, we take our support for our farmers and the agricultural sector one step further. We will continue to offer effective solutions to the financial needs of our farmers and to collaborate with leading institutions in the sector.”

TÜMOSAN General Manager Tosun stated that “they believe that the cooperation will make great contributions to farmers and all stakeholders and noted that their dealers will further improve their business processes with the financing solutions and the advantages they will offer them.”

Tosun pointed out that “Our aim is to help farmers in their sustainable and efficient agricultural production by responding to their tractor and other agricultural equipment needs in the best way. I would like to thank the Kuveyt Türk management for supporting us in this process and all my teammates who carried out the protocol studies. I believe that we will have a successful period of cooperation.”