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Turkey

Factors accused of loan sharking

Finance Ministry investigating factoring services that have made unfair profits by taking advantage of the ongoing global financial crisis. (more…)

#bank#crisis

SELP II helps Garanti extend further funding

European Union's Small Business Credit Programme extends 20 million euros to Garanti Bank. (more…)


SMEs decry lack of lending

Turkish business leaders have highlighted limited access to funding as being a key concern for Turkish businesses in the downturn.…

#bank#interest rates#international


Loan support programme launched

Turkish government extending loan support scheme to SME manufacturers and exporters (more…)


Garanti bucks trend to increase earnings

Garanti Factoring post strong results for their 2008 operations (more…)


Fitch: Garanti Faktoring At BB

The latest Fitch ratings, released today, have affirmed Garanti Factoring long-term foreign currency Issuer Default Rating at 'BB' (more…)

#bank#financial services#international


Usurers rise as factors are reluctant to provide financing

The effects of the global crisis in Turkey are boosting usury, a financing method to make excessive profit by providing…

#bank#banks#interest rates


World Bank approves US$200m for SMEs

The World Bank has approved a US$200m loan for Turkey's 'Access to Finance for SMEs' project (more…)


Turkey to offer interest-free loans for SMEs

Turkey will offer a total of TRY 350m liras (EUR175m) in interest-free lending to small businesses (more…)


Turkish government offers support to SMEs

Turkey will provide SMEs with a 168 million euro support loan package. (more…)


C Faktoring joins IFG with shareholder status

International Factoring Group (IFG) has announced that Turkey s C Faktoring has become a shareholder status member of the factoring…

#bank#financial services#international


Turkish factoring volume up 45 pc

Turkey's factoring industry, which has been active in the country for only 20 years, attained a growth rate far above…

Islamic Development Bank to offer loans to Turkish companies

The Islamic Development Bank (IDB) has reached a deal with the Turkish Development Bank to provide loans for SMEs. (more…)

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