Leading factor launches IPO

Lider Faktoring AS, one of the largest Turkish factors, has announced an initial public offering, to be held on June 12-13

Turkey, an export factoring market to follow…

1980 was a milestone for the Turkish economy. The decade saw many changes for the economy and the financial system, as well as politically and socially. One of the new ‘happenings’ was factoring.

EBRD channels USD100m through Garanti Bank for Turkish SMEs

The European Bank for Reconstruction and Development (EBRD) is channelling up to US$100 million (up to EUR73 million) to one of its largest partner banks in Turkey, Garanti Bank, which will use the proceeds to increase SME lending in economically depressed regions.