Finance

WORLD BANK TO PROVIDE 300 MILLION DOLLARS FOR TURKISH MICRO AND SMALL ENTERPRISES…

ANKARA The World Bank on Monday announced that under a new project it will provide a finance of $300 million to help avert the closure of viable micro- and small-enterprises (MSEs) in Turkey amid the coronavirus pandemic. The new financing will support people and firms by providing reimbursable support financing …

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YEMEKSEPETİ LAUNCHES A 2.55 MILLION DOLLAR SUPPORT PACKAGE FOR RESTAURANTS HIT BY THE PANDEMIC…

Yemeksepeti, an online food delivery app in Turkey, has announced a TL 20 million ($2.55 million) support package for restaurants feeling the pinch of the coronavirus pandemic. Turkey on Monday announced it will impose a weekday curfew and a full lockdown on weekends to combat the spread of the outbreak. …

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E-COMMERCE MARKET TO REACH 6.5 BILLION DOLLARS IN 2022…

Press release… E-commerce market will reach 6.5 trillion dollars in 2022… Aegean Exporters’ Associations (EİB) Koordinator Jak Eskinazi said the e-commerce sector can grow rapidly with SMEs (Small and medium enterprises), which are the backbone of the economy and that e-export will develop with the transition of SMEs to e-commerce. …

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“ABOUT 15 MILLION AGRICULTURAL INSURANCE ARRANGED SINCE 2006”

While the Goverment continued its works in many headings from income insurance to land banking in agriculture, agricultural assets worth 281.1 billion liras have been insured so far. Minister of Agriculture and Forestry Bekir Pakdemirli stated that 14 million 440 thousand agricultural insurance has been arranged since 2006. Pointing out …

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TURKISH CHOCOLATE MAKER ALTINMARKA GETS A LOAN OF 11 MILLION EUROS FROM EBRD AND TSKB…

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) on Wednesday jointly extended a loan of 11 million euros (nearly $13 million) to Turkish chocolate maker Altınmarka to finance growing demand for its products. The loan will finance the company’s increased working capital …

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“ZİRAAT BANK’S SHARE IN AGRICULTURAL LOANS INCREASED TO 65 PERCENT”

Ziraat Bank CEO and Member of the Board Hüseyin Aydın said that the agricultural loans balance, which was 18 billion TL at the end of 2012, reached 76 billion TL as of September 30, 2020 and that the share of agricultural loans in the sector increased to 65 percent. Aydın …

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AGRICULTURE SECTOR MEETS THE AGRI-FINTECH CONCEPT…

In the last 5 years, the number of companies that have developed products and services on financial technologies has increased rapidly. The common purpose of these companies is to design new technologies that aim to improve and automate of financial services and bring them together with the peoples. Hundreds of …

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AGRICULTURAL LOANS EXCEED 121 BILLION LIRAS AS OF JULY…

The banking sector continues its strong support to agriculture, one of Turkey’s strategic economic spheres. Offering special opportunities and credit facilities to farmers, especially with their agricultural banking concept, banks continue to stand by the farmers with different products, taking into account the needs of the agricultural sector and seasonal …

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“DenizBank CONSIDERS THE AGRICULTURE AS A NATIONAL ISSUE”

Burak Koçak, Deputy General Manager of DenizBank Agricultural Banking Group, said that with the acquisition of Tarişbank in 2003, they have reached a high market share of 48 percent among private banks in 17 years in agricultural banking. Emphasizing that each product group in the agricultural sector or even each …

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ZİRAAT BANK MAKES 258 BILLION TL LOAN AVAILABLE TO FARMERS…

Ferhat Pişmaf, the Marketing Group Head of Agricultural Banking at Ziraat Bank, told Anadolu Agency (AA) correspondent that the amount of loans they provided for agricultural production in the 2010-2020 period exceeded TL 258 billion and the number of producers they made loans surpassed 4.5 million people. Pişmaf said, “As …

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