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Factoring sector, having started to take
its niche in the Turkish financial system in the beginning
of 1990s, and attained its first legal arrangement in
1994, has gained dynamism and shown a rapid growth during
the last five years by establishment of new companies.
Factoring turnover registered as 100 million USD in 1990,
despite the setbacks of severe economic crises in the
meantime, has risen to 4,530 million USD in 2002.
The portion of 1,160 million USD, corresponding to 25.8
percent of the turnover, was generated by foreign transactions
of which 99 percent was through export factoring, and
1 percent through import factoring transactions. |
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With Ekspo Online, you can now inquire about your balance online |
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