Turkey Market Profile

July 25, 2014 - 9:47pm from MicroCapital
AccessBank Azerbaijan, a microfinance bank (MFB) in Azerbaijan, has borrowed USD 15 million from the Green for Growth Fund, Southeast Europe (GGF), a European public-private partnership that focuses on improving energy efficiency and promoting renewable energy sources in Southeastern Europe, with the aim of increasing the AccessBank’s financing of energy-efficient projects. AccessBank is planning to use the GGF loan for on-lending to micro-, small and medium-sized enterprises (MSMEs), ...
July 24, 2014 - 5:50am from MicroCapital
The European Investment Fund (EIF), a provider of finance to organizations that lend to micro-, small and medium-sized enterprises (MSMEs) in Europe, and UniCredit Bulbank, a Bulgarian bank part of UniCredit Group of Italy, have announced a guarantee agreement that will enable UniCredit Bulbank to support increased financial inclusion of approximately 270 microenterprises in the country [1]. Under the guarantee, the European Progress Microfinance Facility (Progress Microfinance), which is ...
July 12, 2014 - 5:03am from MicroCapital
Bank of Georgia, a Tbilisi-based commercial bank that offers corporate and retail banking, wealth management, brokerage and insurance services in Georgia, Ukraine and Belarus, recently borrowed EUR 18.5 million (USD 25.2 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based, government-backed microfinance investment vehicle. The loan will be used for on-lending to approximately 3,000 micro and small enterprises in ...
June 26, 2014 - 12:41am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 35 million (USD 47.5 million) to Garanti Bank Romania, the Romanian arm of the Turkey-based Garanti Bank, to support on-lending to small and medium-sized enterprises (SMEs), including loans totaling EUR 20 million (USD 27.2 million) to companies owned or managed by women. As MicroCapital reported at the time,
June 24, 2014 - 3:27pm from Global development: Poverty matters blog | guardian.co.uk
Global spending on humanitarian relief soared to a record $22bn (£12.93bn) last year as conflicts in Central African Republic, South Sudan and Syria combined with natural disasters such as typhoon Haiyan in the Philippines, drove donors to pay out more emergency aid than ever before.Donations from governments reached $16.4bn (£9.63bn) last year, a 24% rise from 2012 ...
June 18, 2014 - 6:01pm from MicroCapital
The European Investment Fund (EIF), a provider of finance to lenders to micro-, small and medium-sized enterprises (MSMEs), and Libra Internet Bank, a Romania-based bank that conducts the majority of its business online, have signed a guarantee agreement to help Libra lend RON 30 million (USD 9.26 million) to 400 microbusinesses in Romania. Under the agreement, the European Progress Microfinance Facility, which is funded by the EU’s European Commission and managed by EIF, will pay 75 ...
June 4, 2014 - 11:19pm from MicroCapital
The London-based European Bank for Reconstruction and Development (EBRD) is considering issuing a syndicated A/B loan of USD 50 million to provide capital to Azerbaijan-based, “socially oriented” bank DemirBank for “on-lending to micro, small and medium-sized enterprises (MSMEs)”[1] in the country. If the board of EBRD approves the transaction, the institution would fund the “A” portion of the loan from its own resources, while the “B” portion of the loan would be offered by ...
May 25, 2014 - 5:03am from MicroCapital
Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 3 million (USD 4.1 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment vehicle organization promoting economic development. PMCF is to use the facility to finance 5,000 new loans to micro- and small enterprises (MSEs) with the aim of strengthening their financial positions, facilitating growth and creating ...
May 21, 2014 - 5:03am from MicroCapital
Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 4 million (USD 5.48 million) under a senior credit agreement from Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based organization focusing on the use of renewable energy sources and enhancing energy efficiency. The purpose of the facility is to enable PMCF to expand its loan portfolio for households in rural Bosnia and Herzegovina that are aiming to ...
May 20, 2014 - 5:03am from MicroCapital
Event Name: G20 Young Entrepreneurs’ Alliance Summit 2014 Event Date: July 18-22, 2014 Event Location: Sheraton on the Park Hotel, Sydney, Australia Cost: A registration rate of AUD 1,100 (USD 1,030) is charged to entrepreneurs 40 years of age or under (exceptions may be considered), who are founders or majority shareholders of high-revenue or high-potential business ventures. The registration cost is AUD 1,500 (USD 1,405) for “observers” and “sponsored attendees”, ...
May 12, 2014 - 2:21pm from Microfinance Africa
Non-interest banking, otherwise dubbed Islamic banking, was launched in Nigeria a few years ago amid huge expectations that it would enhance financial inclusion and support Nigeria’s developmental objectives. In this interview with Sunday Trust, Lincoln Mali, Head, Personal and Business Banking (West Africa) for Standard Bank, the parent company of Stanbic IBTC, expressed optimism non-interest banking would yet meet the expectations and be hugely successful in Nigeria You recently ...
May 12, 2014 - 2:19pm from Microfinance Nigeria
Non-interest banking, otherwise dubbed Islamic banking, was launched in Nigeria a few years ago amid huge expectations that it would enhance financial inclusion and support Nigeria’s developmental objectives. In this interview with Sunday Trust, Lincoln Mali, Head, Personal and Business Banking (West Africa) for Standard Bank, the parent company of Stanbic IBTC, expressed optimism non-interest banking would yet meet the expectations and be hugely successful in Nigeria You recently ...
May 7, 2014 - 3:00pm from The Microfinance Research Blog
From the US to Turkey to Brazil, established journalists are using their blogs to enhance their reporting in traditional media.
May 7, 2014 - 5:03am from MicroCapital
“Financial Capability in Colombia: Results from a National Survey on Financial Behaviors, Attitudes, and Knowledge;” by Rekha Reddy, Miriam Bruhn and Congyan Tan; published by The World Bank; 2013; 87 pages; available at
April 16, 2014 - 2:58pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI A few days ago news broke that Facebook, the social media giant with over a billion users worldwide, is making preparations to begin offering international money transfer services. Although the development has been dismissed by Facebook as rumor, the prospect of this enormous network enabled for money transfer and the huge global need for this service makes this a ...
April 15, 2014 - 4:32pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a senior loan of EUR 20 million (USD 26.4 million) to Yapi Kredi Leasing, a financial institution that is majority-owned by Turkish commercial bank Yapi Kredi, to support its leasing services for micro-, small and medium-sized enterprises (MSMEs). Half of the funds are designated for leasing to MSMEs in unspecified lesser-developed regions of Turkey. Yapi Kredi offers ...
April 15, 2014 - 12:52pm from MicroCapital
The European Investment Fund (EIF), a public-private partnership that provides risk capital to small and medium-sized enterprises (SMEs), and the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced an agreement to allocate a total of EUR 14.5 million (USD 19.8 million) to support investing in SMEs in the Western Balkans region through the Western Balkans Enterprise Expansion Fund (ENEF). EIF’s commitment, the size of which ...
April 12, 2014 - 5:03am from MicroCapital
AlHuda Centre of Islamic Banking and Economics (CIBE), a Pakistan-based NGO that promotes Islamic banking, and the Statistical, Economic and Social Research & Training Centre for Islamic Countries (SESRIC), a subsidiary of the Turkey-based Organization of Islamic Cooperation (OIC), have signed a memorandum of understanding to provide training and capacity building services to the central banks of the 57 member countries of OIC. The main purpose of the program will be to align central ...
April 2, 2014 - 8:29pm from Microfinance Nigeria
AlHuda CIBE will provide Trainings and Capacity Building services to Central Banks of OIC Member Countries (Ankara-Turkey) Statistical, Economic and Social Research & Training Centre for Islamic Countries (SESRIC) – OIC and AlHuda Centre of Islamic Banking and Economics (CIBE) have signed a Memorandum of Understanding (MoU) to provide trainings and Capacity Building services to the central banks of 57 member countries of Organization of Islamic ...
April 2, 2014 - 8:26pm from Microfinance Africa
AlHuda CIBE will provide Trainings and Capacity Building services to Central Banks of OIC Member Countries (Ankara-Turkey) Statistical, Economic and Social Research & Training Centre for Islamic Countries (SESRIC) – OIC and AlHuda Centre of Islamic Banking and Economics (CIBE) have signed a Memorandum of Understanding (MoU) to provide trainings and Capacity Building services to the central banks of 57 member countries of Organization of Islamic ...