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.

Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is starting discussions with the French finance group, BNP Paribas, regarding a possible joint venture.

Slovenia sign deal to boost trade cooperation

Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin signed the KEK Protocol, an agreement to boost economic cooperation.

Eximbank cuts export loan rates

State Minister Kursad Tuzmen has announced that Eximbank has cut its short-term lira export loan rates by two per cent and its forex export loan rates by 0.25 per cent.