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English	Last updated 07:13
26.03.2004

Yasar: Decrease Our Rate of Interest on Debt Too!

The Yasar Group was angered of the debt repayment plan between Dinc Bilgin, -owner of Sabah daily and a bankrupt bank- and the Savings Deposit Fund (TSMF) which has a rate of interest of libor + 0.5 % over the debt of the bank.

The Yasar group, which owned Yasarbank, received a payment plan from TSMF which included an interest rate that was over libor + 4.5 %.

Hasan Denizkurdu, the Chairman of Executive Board of Yasar group said that, “TMSF should correct the interest rates it imposed on the Yasar group.” He added that, “We received a promise that no one will get a lower debt interest rate than libor + 4.5 %.”

(Hürriyetim)