Informal financing business to be regulated by BDDK

The Banking Regulation and Supervision Authority (BDDK) has announced it would take action against informal business at leasing, factoring, and consumer financing sectors. BDDK chairman Tevfik Bilgin has stated that they would regulate and supervise these sectors as well, just as the banking sector

Turkey, Official export-credit programmes

Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service are small, first-time entrants to what are deemed high-risk export markets.