Denizbank announces SME lending surge of 147% in Q1

Denizbank, Zorlu Group's financial arm, has posted net earnings of TRL72 million for the first quarter of the year.
 
The bank's lending to small- and medium-sized enterprises (SMEs) rose by 147 per cent to TRL563 millio

New loans for SMEs from TOBB

The Turkish Union of Chambers and Commodities Exchanges (TOBB) has announced it will lend YTL 100m (Ђ55m) to small- and medium-sized enterprises (SMEs) through Halk Bank.

Interest rates falling

Turkey's ability to maintain an atmosphere of stability and trust prompted the Central Bank to drop the overnight inter-bank rate, which was 44 per cent two years ago, to 20 per cent on Thursday.

SMEs losing hope of economic recovery

According to a survey by the research company Konsensus, small- and medium-sized enterprises (SMEs) are losing hope over the economic situation in the country.