Turkey

The Factoring Sector After the Crisis – an Update

Feyza Guleryuz, Toprak Factoring

The crises of November 2000 and February 2001 have caused enormous damage both to financial institutions and real sector.

Betьl Mert of Toprak Factoring presents the latest analysis of the Turkish market

The Financial Crisis in Turkey- A Factor’s Perspective

For the past six months, factors in Turkey have been living through a financial crisis.

More finance for SME leasing in Turkey

The EIB is extending a EUR 40 million loan to Citilease Finansal Kiralma AS, a leasing company owned...

Vakyfbank launches interest-free SME lending

State-owned Vakyfbank has unveiled a new lending programme for small- and medium-sized enterprises (SMEs), under which it plans to

Central Bank interest rate decision announced

Following its evaluation of the latest economic developments, the Central Bank (CB) has decided to reduce interest rates for the fifth time this year.

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.

US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank.

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.