"I expect a 350 bp interest rate cut in July without compromising on tightening" İş Bankası - Hakan Aran

Of course. First of all, thank you very much for asking this question. Because as İş Bankası, we see sustainability not only as İş Bankası itself — because when you say İş Bankası, it can be understood in a rather narrow scope. With our venture capital companies, together with all 190 subsidiaries in our group, we see sustainability as a vital function and as a great responsibility. Since TSKB leads this, the reason we are making this launch and announcement at the TSKB building today is this. Therefore, the İş Bankası Group looks at sustainability as a matter of life and death. It looks at it over the very long term, from a broad perspective, and by making sincere commitments, putting its hand under the stone, sharing with the public where those commitments have come to, giving direct numerical targets — setting numerical targets in all sectors, that is, in all sectors that are critical for us in terms of sustainability and have a high risk rating — setting a date for reaching those targets, we are the first institution, the only institution in our country to do so. That is why I think it is valuable in showing our perspective. Today, Ateş Çelik was actually a business partner of İş Enerji, which we established to invest in renewable energy. From today on, they have truly become a partner. Regarding this partnership, Ateş Çelik is a rare company in our country that produces wind turbines domestically, produces and exports these turbine generators. That company needs a capacity increase, needs to expand its product range by producing blades alongside the turbines, and since we preferred to enter directly with capital rather than extending credit in this conjuncture, we made this launch here today. For that reason, I believe this capital support — a capital support of 45 million euros coming through the venture capital investment funds — is very valuable and precious for Ateş Çelik to grow healthily and reach its targets. If it had been a credit, the feasibility of this project might not have materialized. We might have struggled to extend such a long-term credit in a way that would be profitable for Ateş Çelik. That is why I believe the importance of venture capital investment funds is much higher in periods when access to credit is difficult and expensive.