Turkey

Ulusal Faktoring A.S., an Istanbul-based independent non-bank financial services company, has announced the successful close of its inaugural domestic bond offering.

Factoring Dernegi, the Turkish factoring association, held its first international factoring conference in Istanbul last week entitled 'Factoring: Bridging Global Trade'.

The Turkish Exporters Assembly confirms its support of international factoring development.

In H12011 Turkish factors increased their profitability by over 40pc.

Filiz Unal, Secretary General the Turkish Factoring Association provides an overview of the Turkish factoring market for the World Factoring Yearbook 2012 covering industry environment, market performance, supply and future trends.

The EBRD has provided a credit line in Turkish lira (TRL) equivalent of up to EUR20 million to Turkiye Vakiflar Bankasi (Vakifbank) for on-lending to local agribusiness companies operating predominantly in rural areas.

Husnu Ozyegin confirmed that Fiba Group is in negotiations to sell two factoring subsidiaries.

BRSA gave permission to operate to TAM Faktoring.

New independent factoring company to receive TRY 42.8 million loan from EBRD for its regional network development.

EBRD provides USD65 million loan to T rk Ekonomi Bankasi.