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Turkey

The Factoring Sector After the Crisis – an Update

Feyza Guleryuz, Toprak Factoring  The crises of November 2000 and February 2001 have caused enormous damage both to financial institutions and real sector. These crises have had a significant impact on the Turkish factoring industry, but there are hopes that...

Betьl Mert of Toprak Factoring presents the latest analysis...

Market Performance and Supply  Having been established for more than ten years in Turkey, the factoring industry was able to…

#bank#factoring risk#interest rates


The Financial Crisis in Turkey- A Factor’s Perspective

For the past six months, factors in Turkey have been living through a financial crisis. Alper Uyar of Aktif Finans…


More finance for SME leasing in Turkey

The EIB is extending a EUR 40 million loan to Citilease Finansal Kiralma AS, a leasing company owned... (more…)


Vakyfbank launches interest-free SME lending

State-owned Vakyfbank has unveiled a new lending programme for small- and medium-sized enterprises (SMEs), under which it plans to (more…)

#bank#interest rate#risk


Central Bank interest rate decision announced

Following its evaluation of the latest economic developments, the Central Bank (CB) has decided to reduce interest rates for the…

#bank#inflation#interest


Denizbank announces SME lending surge of 147% in Q1

Denizbank, Zorlu Group's financial arm, has posted net earnings of TRL72 million for the first quarter of the year. The bank's…


New loans for SMEs from TOBB

The Turkish Union of Chambers and Commodities Exchanges (TOBB) has announced it will lend YTL 100m (Ђ55m) to small- and…


US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank. Tuzmen pointed…


Interest rates falling

Turkey's ability to maintain an atmosphere of stability and trust prompted the Central Bank to drop the overnight inter-bank rate,…


SMEs losing hope of economic recovery

According to a survey by the research company Konsensus, small- and medium-sized enterprises (SMEs) are losing hope over the economic…

#crisis#economic recovery#economy


BNP Paribas plans entry into Turkish banking market through...

BNP Paribas announced that it has agreed to explore a strategic partnership in the Turkish banking sector with the Зolakoрlu…

Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is…

#bank#economy#insurance

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