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Turkey

Financial crimes watchdog established

A bill that allows the establishment of the Financial Crimes Research Council and seeks to eliminate money laundering was passed by Parliament's General Assembly late on Wednesday. The new council will be (more…)

#bank#Bill#insurance

BDDK approves Denizbank sale

Banking Regulatory and Supervisory Authority (BDDK) approved the sale of 75% shares of Denizbank to Dexia (more…)

#leasing


Koc Factoring basks in export accolade

Kocfaktor has been ranked best export finance servicer at the 38th annual general meeting of the Factors Chain International (FCI)…


Central bank raises interest rates again

The lifting of the 15 per cent excise tax for foreign investment failed to reduce tensions in the foreign currency…

#bank#inflation#interest


CCH arranges new finance facilities for exporter GISAD and...

CCH International PLC, the trade finance group, has arranged financing facilities worth (more…)


Informal financing business to be regulated by BDDK

The Banking Regulation and Supervision Authority (BDDK) has announced it would take action against informal business at leasing, factoring, and…

#Bill#economy#leasing


Koc Faktoring received US$60m syndication credits

Koc Faktoring, a company of Koc Financial Services (KFH), received US$60m syndication credits from international markets to use in (more…)


Turkey's factoring volume increases 48.8 per cent in 2005

Turkey's total volume of factoring increased 48.8 per cent in 2005, according to Factors Chain International (more…)


Fortis Bank to sell factoring and leasing subsidiaries

Fortis Bank A.S announced that it will sell its 99% stake in Fortis Factoring for (more…)


Turk Eximbank targets loans and guarantees of US$8.6 billion...

Turk Eximbank aims to provide loans and guarantees to Turkey's export sector this year totalling near US$8.6 billion, said Trade…


Euler Hermes enters the Turkish credit insurance market

Euler Hermes, the world s leading credit insurer and member of the Allianz group, has signed a cooperation agreement with…

#Allianz#bad debts#insolvencies


Factoring Sector enjoys dramatic growth

The factoring sector in Turkey has witnessed a growth of .... (more…)

Turkey, Official export-credit programmes

Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service…

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