00:00 The companies that you're talking about, the loss-making, the cumulative loss-making,
00:07 at the end of the second quarter.
00:09 This depends on the business model.
00:11 The impact of the cyber is limited.
00:13 Even the banking sector, in fact, is high-priced, which is the meaning of the rise in interest rates.
00:17 The impact of interest rates on the companies is not related to the cumulative loss-making, frankly.
00:24 And how much higher can the results and profits be in the banking sector?
00:27 The market profit is 30% to 35%.
00:32 But this does not mean that the impact on the companies is not limited.
00:38 This is up to the business model of these companies and their markets.
00:45 But even the cost of financing, most of the companies that were announced had a high cost of financing.
00:51 True, but the leverage that was available was not large compared to the companies that were in the market.
00:59 The companies that have problems in the capital are the problem in the business model.
01:03 Or in the business model, the companies that have more leverage.
01:08 Will there be more options for the companies that were in the process of acquiring this stage, in your opinion, to grow their business?
01:18 I can't say for sure. I will not say for sure.
01:22 But I will say that most of them had a high growth rate in the companies' loans in our economy.
01:27 The percentage of new-year's interest rates is about 10%.
01:32 And this is always related to the rise in oil prices and interest rates.
01:37 If you go back to 2003 and 2007, we noticed a rise in the percentage of time deposits and the percentage of loans.
01:46 This is the same thing that is happening today.
01:48 Time deposits are approaching high levels.
01:50 They were not there. They were not 25% or 35%.
01:53 They could have risen more.
01:55 On the other hand, loans are still in a healthy state.
01:57 So, it does not prevent private sector from borrowing.
02:00 Therefore, the problem was not in the interest rates, but in the business model of the companies that are suffering.
02:07 The losses are mostly due to the operation of the business, not the financial leverage.
