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Turkey

Atradius receives Credit Insurance Licence in Turkey

Atradius has received a licence for operating domestic and export credit insurance business in Turkey. (more…)

#AON#Atradius#exporters

Small businesses miss out on EUR3.5bn

Turkish SMEs failing to show much interest in the 7th Research Framework program developed by the EU have missed out on €3.5bn of…


New stock market for SMEs to be launched

The Gelisen Isletmeler Piyasasi, the new emerging enterprise stock market, will be launched in Turkey in 2008. (more…)

#bank#international#risk


Factoring companies included in enhanced money laundering law

The fight against money laundering is to be widened to prevent the financing of terror and financial crimes. Factoring companies…

#financial institutions#insurance#investment


Yapi Kredi Faktoring gets US60m loan

International markets provided a US$60m loan for Yapi Kredi Faktoring which will be used toward domestic factoring transactions. (more…)

#international


Ministry of Finance slashes aid to SMEs

The Finance Ministry has cancelled YTL49.5m of the YTL 89.5m Treasury aid to the Small and Medium Industry Development Organization…


Lending to SMEs increasing rapidly

The share of total bank loans going to small and medium sized enterprises ( SME in English, or KOB I…


Halkbank to grant loans to SMEs without complicated procedures

Halkbank, one of the largest public banks in Turkey, has prepared a package of easy loans for small and medium-sized…

#bank#interest rates#MAN


Turkey 2006-2007 Factoring regulation changes resolving problems

Changes to the factoring regulations will commence in 2006 and will continue in 2007, and this will resolve many of…

#assignment of receivables#bank#exporters


ABN Amro Bank gains license for factoring and forfeiting

The Banking Regulation and Supervision Board (BDDK) granted permission to the Istanbul Branch of the ABN AMRO NV for factoring…

#ABN AMRO#bank#exports


SMEs' access to finance eased

The Turkish Union of Chambers and Commodities Exchanges (TOBB) and the Turkish Development Bank (TKB) signed a protocol of cooperation…

#bank#exporters#exports


Breath of life for SMEs with 'Anatolia Approach'

A package called the Anatolia Approach, devised to help solve the financial problems of 70,000 small- and medium-sized enterprises (SMEs),…

HSBC attains factoring and forfeiting licence

The Banking Regulation and Supervision Board (BDDK) granted permission for factoring and forfeiting transactions to HSBC Bank (more…)

#bank#management#regulation

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