The improvement in the textile sector which is the most rapidly developing and changing sector of Turkey reflected to the bank loans. The loans used by the textile firms from September 2012 and September 2013 increased by 39 % and reached to TRY 32.735 billion from 23,591 billion. This means that the firms used more loans amounting to TRY 9,144 billion.
According to the data published by the Banking Regulatory and Supervisory Agency (BDDK), the amount of the loans that the textile firms did not or could not pay back decreased by TRY 124 million and decreased to TRY 1,390 billion from TRY 1,515 billion. The rate of dead loans of the textile firms to the total amount of loans which was around 15 % during the 2001 crisis decreased to 4.2 % from 6.4 %. This amount indicates that the textile sector has the lowest debt loan rate in comparison to the other sectors.
An Increase of 65 % in Kahramanmaraş
According to the statistics published by BDDK, the highest increase in the loans received by the textile sector in the last one year as of September 2012 was seen in Bingöl by 483 %. The amount of loans received by the textile manufacturers in this city reached to TRY 525 thousand with an increase of 483 %, which was TRY 90 thousand the previous year. In Bilecik, the amount of loans increased by 246 % and reached to TRY 4 million from TRY 1.1 million. The loans given to the textile sector in Kahramanmaraş, which stands out with its recently developing textile sector, increased by 65 % and reached to TRY 5,6 billion from TRY 3,4 billion. The increases in the loans were above 66 % in the eastern countries such as Kars, Hakkari, Bartın, Mardin, Bitlis and Batman. The amount of loans reached to TRY 1,1 billion from TRY 738 million in İzmir, one of the biggest cities of Turkey. In Istanbul, the amount of loans received by the firms reached to TRY 14,950 billion from TRY 11,2 billion with an increase of 32 %. The increase in Istanbul remained below the credit growth which is 39 %. The number of cities where the textile companies received fewer loans in the last one year is only 13. While the city with the highest decrease in the loan amount is Ardahan, a decrease of 41 % was seen in Muş.
Zero Dead Loans
When the credit performances of the cities are examined, the city which pleased the banks in terms of uncollectible loans has become Bitlis with zero dead loans. Textile manufacturers of Bitlis paid all the loans although they increased to TRY 2,3 million from TRY 1,3 million. Tunceli and Bilecik could not pay back only one thousand Turkish Liras. In Kayseri, the amount of loans taken in the follow-up decreased to TRY 4,9 million from TRY 66 million with a decrease of 93 %. Although problems were encountered in the return of the loans in Siirt and Ağrı, the amount of loans and rate of dead loans were insignificant in these cities.
