
Ankara - Turkey by the end of 2009, financial leasing, factoring and finance companies in the sector share was 2.8 percent as assets.
Banking Regulation and Supervision Agency (BRSA) prepared by the "Financial Leasing, Factoring and Finance Companies Cycle After BRSA Developments" was published titled Working Paper.
According to the report, bank deposit holders, capital markets, the small investors' interests to protect on behalf of the funds transferred in a more cautious policy in case they are, Turkey's economy in the number and job creation in the sense of an important share of the small and medium-sized enterprises (SMEs), and alternative funding quest is in the business funds they need to achieve business, financial sector will become easier with the development of the activities of other players.
In Turkey the banking sector dominated the financial system. Mainly in search of alternative financing to SMEs and provide funds for the commercial business leasing, factoring and finance companies in the sector share in total assets as of December 2009 according to data was limited to 2.8 percent.
In the same period, the bank's loan of 392.6 billion lira, while the amount of financial leasing, factoring and finance companies provide 23.1 billion pounds was realized by the fund.
Leasing, factoring and finance companies provided by the pension funds largely bank subsidiary, the company that offered by the consideration, the industry's intermediary function of the location of bringing vital shallow stay revealed.
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