Turkey

Cengiz çbasaran, General Manager and Board Member, Garanti Factoring, provides an overview of the Turkish factoring market, covering industry environment, market performance, supply and future trends, for the World Factoring Yearbook 2011.

Turkish factoring companies achieve a 15.8 per cent net profit increase after the first half of 2011.

Yapi Kredi s factoring grows, while net profit for the whole business goes down

Efforts of the Turkish Central Bank and BRSA to limit credit growth are thwarted by aggressive lending through bank factoring and leasing subsidiaries

Euler Hermes appoints Ozlem Ozuner CEO in Turkey

Net profit of Turkish factoring companies amounted to 102.5 million in Q1 2011

The Banking Regulation and Supervision Agency (BRSA) has announced it revoked an operating permit of Hedef Finance Factoring Services, Inc.

Suzer Group merges two factoring companies to reinforce its presence on Turkish financial market

PineBridge Investments enters Turkish financial services with investment in Ulusal Faktoring

Euler Hermes launches a subsidiary in Istanbul