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Turkey

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 and forfeiting transactions (more…)

#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


Financial crimes watchdog established

A bill that allows the establishment of the Financial Crimes Research Council and seeks to eliminate money laundering was passed…

#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…)

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