The Board of Directors of the Overseas Private Investment Corporation (OPIC) has approved US$400 million in financing to support SME lending by one of Turkey s main commercial banks.
Halkbank, (Peoples Banks) has announced it will establish a factoring company with a capital of TRY 20 million.
Turkish automotive finance specialist, Volkswagen Dogus Finance (VDF), has appointed Muge Tuna as Director of its factoring service.
The Turkish Factoring Association has commissioned a report on the factoring industry in Turkey.
The European Bank for Reconstruction and Development (EBRD) has continued their flow of credit to SMEs in Turkey with an investment of 60 million Turkish Lira ( 24 million) in notes issued under the Turkey s first asset-guaranteed bond programme established by Sekerbank.