International factoring drives up Turkey’s factoring volume 66 per cent


Turkey’s factoring market, which grew 34 per cent in 2021 to TL 200bn (£9.2bn), rose by 66 per cent in the first three months of 2022 (year-on-year) to reach TL 69.5bn (£3.2bn). This extraordinary growth was to a large extent due to a 140 per cent increase in International factoring most of which was export factoring. These figures come from Turkey’s Association of Financial Institutions and the Banking Regulation and Supervision Agency.



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