Arena Factoring joins FCI

FCI has announced that Arena Factoring A.S. based in Istanbul, Turkey is its newest Associate Member.

Isbank goes live with Surecomp’s DOKA 5

Surecomp, the global provider of trade finance solutions for banks and corporations, has announced that Isbank AG, the European arm of Turkish bank Tьrkiye Is Bankasi A.S., has commenced production with DOKA 5, Surecomp’s back-office solution for documentary trade finance

Turkish factoring profit increases

Non-banking institutions, including financial leasing, factoring and financing companies, increased their consolidated profit by 16.7 per cent to 1.35bn Turkish Liras in the first nine months of the year compared to the same period of last year due to a sharp rise in demand from the real sector

EBRD provides financing to Finansbank

The European Bank for Reconstruction and Development (EBRD) is extending USD100m in new financing to Turkey’s Finansbank to support SMEs in the agricultural regions of Turkey