RELATED PARTY TRANSACTIONS
Related parties of the Company are direct or indirect subsidiaries of Türkiye İş Bankası and the directors and personnel of the Company.
Receivables from related parties are mainly due to sales transactions and the average payment term is one month. By nature no interest is calculated on these receivables and no guarantees have been received.
Payables due to related parties are mainly due to purchase transactions and the average credit payment term is one month. No interest is calculated on these payables.
Detailed information about related party transaction is provided in the "24th note of Financial Statements" dated 31.12.2020.
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