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The World Bank Board of Executive Directors today approved a $500 million loan for the Second Access to Finance for Small and Medium Enterprises (SMEs) project in Turkey. (more…)
#bank#Commercial Credit#SME financing
Banks in Turkey are in competition to extend as many loans as possible to businesses, after being (more…)
Minister of Industry and Commerce Nihat Erg n announced six new support programs to counter the problems faced by Turkey…
Cengiz Ucbasaran, General Manager of Garanti Factoring in Turkey, provides Factorscan with an overview of the Turkish factoring market, outlines…
#bank#interest rates#international
Garanti Factoring has reported a 23 per cent increase in earnings for the first quarter, with a net profit of…
#cash-flow#factoring industry#supplier finance
The Turkish Union of Chambers and Commodity Exchanges (TOBB) and Halkbank are to provide over (more…)
The European Investment Fund and Kredi Garanti Fonu (KGF) have signed a 45 million guarantee agreement under the Competitiveness and…
Hale Dalyan, Secretary General of the Turkish Factoring Association, provides Factorscan with an overview of the Turkish factoring market, covering…
#bank#international#regulation
Small and medium-sized enterprises are showing signs that the recession is still alive in the Turkish economy. (more…)
#bank#banks#recession
The EBRD is considering providing up to €150 million in senior loans to leading commercial banks in Turkey for on-lending…
#bank#banks#funding
The Factoring Association of Turkey experienced a 26 per cent growth in turnover in 2009, ending the (more…)
#crisis#factoring industry#management
The Chairman of the Small and Medium-Sized Enterprises Association (KOBIDER), Nurettin zgenç, has called on the Turkish government to launch…
Garanti Factoring experienced a significant 42 per cent earnings increase in 2009, reporting a net profit of (more…)
#crisis#economy#international