Garanti Factoring in Press

Business Money (November – December 2010) – Garanti Factoring

Turkey has been one of the least affected countries from the latest economic crisis due to its healthy financial sector and dynamic private sector. Despite the negative GDP growth in 2009, the country is recovering with expected growth rates between 6% and 7% for the year 2010.

BCR Year Book 2010 – SCF Solutions in TURKEY

Banks and factoring companies in Turkey offer tailor made SCG solutions by utilising their extensive distribution channels in the local market. The SCF packages include competitive Turkish lira and foreign currency based finance, without recourse discounting of receivables for the suppliers, extended payment terms for buyers (up to six months), balance sheet advantages both for sellers and buyers alike (better working capital management, higher liquidity ratios and less dependency on bank borrowing).

Business Money - November 2009

Despite the turbulence prevailing in the markets, Turkish economy has been resilient with a strongly capitalized and well regulated banking sector which is relatively less affected from the credit crunch unlike its peers in Europe and the U.S. Notwithstanding this, Turkey’s economy has not been immune from global financial turmoil.