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Turkey

Credit guarantee scheme extended to SMEs

Turkish Prime Minister Recep Tayyip Erdogan said a credit guarantee system would be launched for SMEs in Turkey. (more…)

Association wants investors to refocus upon small business

The Treasury must leave the financial markets as the biggest borrower so that banks will extend more resources toward financing…

#banks#interest rates#Produce


Strong first quarter for Garanti

Garanti Factoring succeeded in increasing its first quarter earnings by 39%, with net profits reaching 2.5 million TL for 2009.…

#smes


EBRD considering loan to Deniz and Garanti

The EBRD is considering providing EUR 20 million senior loans to each of Deniz Bank (DB) and Garanti Bank (GB)…


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…)

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