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The Turk Ekonomi Bankas group has released its consolidated balance sheet for the year ended 31 December 2001. The statement shows that the TEB Factoring subsidiary of the banking group has experienced a 51.8% decrease in its factoring receivables assets...
Unicredito Italiano SpA said it has reached an agreement to buy a 50% stake in Koз Financial Services, a unit…
#bank#financial institution#financial services
Demir Factoring, the largest of Turkey’s 95 factors with 8.9% market share in 1999, is facing an uncertain future. Whilst…
Turkey’s Factoring Turnover (US$m) 30/06/2000 30/06/2001 Export 360,086 397,382 Import 16,770 10,120 International 376,856 407,502 Domestic 1,925,234 1,191,847 Total 2,302,090 1,599,349 For further analysis of the Turkish factoring Industry in the wake of the…
The rumour-mill regarding the future of Demir bank, the owner of one of the Turkish factoring industry’s major players, is…
The international rating agency, Fitch, has assigned a senior unsecured foreign currency rating of ‘BB-’ (BB minus) to Aktif Finans…
The Turkish Factoring Association has released its half-yearly figures for 2000. They are as follows: Domestic US$bn1.92 International US$m377 Total US$bn2.30 For 1999, the overall total…
A report on 3 August 2000 has revealed that there has been a 2.2% increase in consumer price inflation for…
#inflation
The government has succeeded in reducing interest rates to between 25-35%, which means that factors are having to operate under…