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Turkey

Vakifbank mandates US$150m loan for exports

Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to finance exports, with a one-year maturity. It is the first time this year that Vakifbank, which is overseen by the...

#banks#exports#international

State Minister expects end-2003 exports at $45bn

Kursad Tuzmen, the State minister responsible for foreign trade, expects exports to reach $45bn and imports to stand at $64bn-$65bn…


Central Bank decreases interest rates again; positive trend in...

The positive atmosphere in the economy continued with another fall in interest rates. With a 3-point drop on Thursday (18…

#bank#economic outlook#IMF


Exports rose in August with 29.1 per cent, reaching...

Turkey's exports in August rose 29.1 per cent on last year to reach $3.89 billion despite the appreciating lira, according…


Small and Medium Industry Development Organisation provides grants for...

The Small and Medium Industry Development Organisation (KOSGEB) will provide Ђ60,000 in grants to small- and medium-scale enterprises (SMEs) operating…


SMEs face financing problems

Ibrahim Karaoglu, chairman of the Board of Directors of the Kocaeli Association of Active Industrialist Businessmen (KAAIB), addressed the problems…


Eximbank cuts interest rates three percentage points

Turkey's Export-Import Credit Bank announced a three per centage point cut in interest rates effective Friday, 15 August 2003. In…


Economic confidence boosts industrial output

Industrial output rose by 11.7 per cent in June when compared to the same month last year, above market expectations…

#bank#exporters#exports


Appreciation of Turkish lira against dollar affects exporters

The lira has firmed over 10 percent against the dollar since the start of the year. It traded at some…


New chairman for Toprak Factoring AS

Mr. Tuluy Uluрtekin, formerly of the Saving Deposit Insurance Fund (SDIF), has been appointed chairman of the Board of Directors…


Non-bank finance – Reform firmly on the agenda

The presence of three cabinet ministers at a recent World Bank seminar on non-bank financial institutions was intended to underline…

#bank#conference#financial services


Unicredito Buys 50% of Koc

Italy's Unicredito Italiano SpA on Monday bought 50%of Turkey's Koc Financial Services AS, which owns the private bank Kocbank, a…

TEB’s Factoring Assets Decreased by More than Half in...

The Turk Ekonomi Bankas group has released its consolidated balance sheet for the year ended 31 December 2001. The statement…

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