Ekspo Faktoring A.Ş. Concluded Conformity Process |
During its weekly meeting held on 17-04-2008 Banking Supervision and Regulation Agency Board decided that Ekspo Faktoring A.Ş. has successfully concluded its conformity process and duly earned its factoring certificate.
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Ekspo raised its paid-in capital to 32.5 million YTL |
Ekspo; leading firm in the factoring market in Turkey agreed to raise its paid-in capital by 7.5 million to 32.5 million YTL. The amount will be met thru retained earnings
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Moody's affirms Ekspo's rate as Ba 3 |
Currency Issuer Rating of Ba3 with a stable outlook. The firm also set a Baa1.tr National Scale Rating for the firm. The rating reflects Ekspo Faktoring A.Ş.'s small but profitable niche franchise supported by the firm's strong financial metrics, in particular its robust profitability and good efficiency with sound capitalization and asset quality.
These ratings obtained from major global agencies indicate Ekspo's dedication to visibility and corporate governance. Established in the year 2000, Ekspo Faktoring A.Ş. is one of the largest independent factor finance institutions in Turkey with over 160 million dollars in assets.
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Betül Oran Akan appointed as the new Assistant General Manager |
Effective September 1st, 2007 Mrs. Betul Oran Akan has been appointed as the Assistant General Manager in charge of marketing.
Mrs. Akan started her banking career in 1985 as Management Trainee of Yapı Kredi Bank Turkey . During her career, she successfully managed The Bank's various branches; leading all to become the biggest and most profitable branches of the organization for consecutive years. Prior to joining Ekspo, Mrs. Akan held the manager seat at Yapı Kredi Bank Esentepe Branch conducting more than 25 % of the Bank's total corporate assets.
This appointment clearly indicates Ekspo's dedication to sound growth.
Being a "boutique lender ", Ekspo is committed to providing best solutions to its present and future relationships. We shall continue supporting our clients and counterparts benefiting from Ekspo's healthy growth.
Ekspo Faktoring A.Ş. topped its earnings estimates for the year 2006 and announced YTL 12.5 million profit from its continuing operations. For the first time ever, the Company Assets reached over USD 140 million reflecting a 40 % increase year-over-year basis. NPL ratio came down to 2.15 % of total outstanding loans reflecting the Company's prudent credit policy. |
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Ekspo topped earnings estimates. 12.5 million YTL for 2006 |
Ekspo Faktoring A.Ş. topped its earnings estimates for the year 2006 and announced YTL 12.5 million profit from its continuing operations. For the first time ever, the Company Assets reached over USD 140 million reflecting a 40 % increase year-over-year basis. NPL ratio came down to 2.15 % of total outstanding loans reflecting the Company's prudent credit policy. |
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Ekspo Increased its Capital to YTL 25 million |
Ekspo Faktoring A.Ş. management agreed to increase company's paid in capital by 43 % to 25 million YTL. This move can be regarded as the managements decisiviness to support its robust growth via sound capital structure. This latest increase places Ekspo Faktoring A.Ş. to leading position in terms of capital among Turkish factors.
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Ekspo DR |
In its latest effort to protect its clients from any force-majeur or technical handicap that may arise Ekspo Faktoring A.Ş. ha s put its latest investment in operation in Turkey's capital city Ankara. The system Ekspo Disaster Recovery ( DR ) is a carbon-copy of all of the daily operatio ns and will be operative within 20 seconds in case of a major system breakdown. |
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Murat Tümay is appointed as the General Manager at Ekspo Faktoring A.Ş. |
As of 23rd March 2006, Murat Tümay is appointed as the General Manager of Ekspo Faktoring A.Ş., to succeed Zeynep Akçakayalıoğlu. Mr. Tümay started his career as an asset based lender at The Park Avenue Bank N.A , New York and joined the company in 2002. Prior to his appointment as the General Manager, Mr.Tümay served as a Board Member in charge of marketing and international relations.Mrs. Akçakayalıoğlu will continue to remain as a Board Member. |
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