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Demir Factoring, the largest of Turkey’s 95 factors with 8.9% market share in 1999, is facing an uncertain future. Whilst it has been confirmed that the UK-based global bank, HSBC, will make an investment of $350m after signing an agreement...
Turkey’s Factoring Turnover (US$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…