Requesting an increase in the number of installments for commercial credit cards.

Ankara Chamber of Commerce (ATO) President Gürsel Baran stated that increasing the number of installments in commercial credit cards will have a positive impact on production and trade.

In his written statement, Baran stated that restrictions on credit cards were brought to the agenda within the scope of monetary tightening measures in the fight against inflation.

Pointing out that individual and commercial credit cards should be handled separately, Baran said that the business world uses postdated checks as a source of financing, but due to the negativities experienced over time, the reputation of the check has decreased and its use has declined.

"Increasing the number of installments will have a positive impact on trade"

Pointing out that commercial credit cards have replaced checks in the markets, Baran said, "While commercial credit cards provide companies with sustainable and term financing, they are of critical importance in the payment chain and the sustainability of commercial life. They are accepted by everyone because they do not raise any doubts about their reliability. Increasing the number of installments in commercial credit cards, "It will have a positive impact on production and trade," he said.

Baran stated that the increasing demand in the construction materials sector and the increase in credit card expenditures are due to construction production, not consumption.

Stating that the demand for construction materials has increased due to the construction and urban transformation works that started to revive the disaster area after the earthquakes on 6 February, 2023, centered in Kahramanmaraş, Baran made the following evaluation:

"It has become difficult to procure construction materials. It is almost impossible to use cash in this process. The only solution left is to use a commercial credit card. In order for life to normalize in the earthquake zone, it is essential to continue the application of installments to commercial cards in the construction materials sector in order to prevent housing production and urban transformation for our earthquake-affected citizens from being interrupted."