"Recently, we closed a syndicated facility and thanks to the support of HSBC teams in Turkey and Middle East, we managed to close the deal during the pandemic, despite the challenging environment and risk factors,” Şenol says.
The successful closure of the syndicated facility is also a testament to foreign investor confidence in the company as it supports the community during pandemic and embraces sustainability, generating 5 percent of its annual turnover from a special water-saving collection scheme involving plastic waste and recycled fabric.
As HSBC, we are acting as a facilitator to draw investment to Turkey and offering access to various financing instruments to help and support customers and create sustainable value for the Turkish economy,” says Selim Kervancı, HSBC Turkey CEO.
Another keyway that DeFacto maintained its operations and international profile was through digital banking. The company’s widespread use of HSBC’s digital banking tools allows it to track all accounts on a single platform, already invaluable before the pandemic hit, but proving even more important and efficient as the crisis unfolded.
The pandemic also represented an important learning lesson for DeFacto, emphasising the need to plan for unexpected hurdles and ensure contingency plans are in place.
“A company’s resilience and readiness to endure unforeseen challenges have never been as important as today. Companies should be prepared before a crisis occurs,” he concludes.