Turkey

Central bank raises interest rates again

The lifting of the 15 per cent excise tax for foreign investment failed to reduce tensions in the foreign currency market

CCH arranges new finance facilities for exporter GISAD and GISAD Faktoring AS

CCH International PLC, the trade finance group, has arranged financing facilities worth

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

Koc Faktoring received US$60m syndication credits

Koc Faktoring, a company of Koc Financial Services (KFH), received US$60m syndication credits from international markets to use in

Turkey's factoring volume increases 48.8 per cent in 2005

Turkey's total volume of factoring increased 48.8 per cent in 2005, according to Factors Chain International

Fortis Bank to sell factoring and leasing subsidiaries

Fortis Bank A.S announced that it will sell its 99% stake in Fortis Factoring for

Turk Eximbank targets loans and guarantees of US$8.6 billion in 2006

Turk Eximbank aims to provide loans and guarantees to Turkey's export sector this year totalling near US$8.6 billion, said Trade Minister Kurthornad The proposed 11 per cent increase

Euler Hermes enters the Turkish credit insurance market

Euler Hermes, the world s leading credit insurer and member of the Allianz group, has signed a cooperation agreement with

Factoring Sector enjoys dramatic growth

The factoring sector in Turkey has witnessed a growth of ....

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.