Turkey Market Profile

September 2, 2015 - 12:27pm from Innovations for Poverty Action Blog
Editor's note, this is a cross posting by CGAP, which originally appeared on their blog. IPA, CGAP and others will be partnering to address these issues in the upcoming Responsible Finance Forum.   "A massive data breach at All-In-Pay, a digital payments provider ...
August 19, 2015 - 6:06pm from CGAP Microfinance Blog
Undoubtedly, Turkey has a lot to offer when it comes to its payment system, which is typical for countries that have experienced sustained periods of inflation and therefore put a premium on the efficiency of its payments infrastructure. Yet it is much less obvious whether the prevailing models will also contribute much to digital financial inclusion, as they often suffer from challenges in customer adoption and therefore reach only a minority of the population.
August 17, 2015 - 2:26pm from CGAP Microfinance Blog
In Turkey almost all businesses are micro, small or medium-sized enterprises (MSME), and only 0.1 percent of businesses are large firms, according to the Turkey Agency for Statistics.
August 14, 2015 - 5:05am from MicroCapital
Event Name: Employment, Youth and Investment: What can Microfinance do? Event Date: November 5-6, 2015 Event Location: Corinthia Hotel, Prague, Czech Republic Cost: The fee to attend is USD 373 before September 10, USD 430 from September 11 to October 26, and USD 486 at the door. Summary of Event: The 18th annual MFC conference will center on the theme of “employment, youth and investment”, including how the microfinance sector can “get the European and global ...
August 11, 2015 - 9:28pm from CGAP Microfinance Blog
With almost 75 million residents (World Bank data as of 2013), Turkey is one of the largest upper middle-income countries with a vast potential to expand financial inclusion. Turkey currently holds the G20 presidency and has declared financial inclusion to be one of its priorities as a powerful driver of inclusive growth.
August 11, 2015 - 7:11pm from MicroCapital
The Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based investment vehicle that supports energy-efficient initiatives in Southeast Europe, recently disbursed a senior loan of EUR 20 million (USD 22 million) to ProCredit Bank Serbia (PBS), a commercial bank that is specialized in lending to micro-, small and medium-sized enterprises (MSMEs) in Serbia. PBS is a unit of ProCredit Holding, which is based in Germany and operates financial institutions in 19 countries in Eastern ...
July 6, 2015 - 5:05am from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise) (Sanad), a Luxembourg-based organization that provides “medium- and long-term”[1] debt and equity to financial institutions in the Middle East and North Africa region, has recently announced the disbursement of a loan of USD 15 million to Bankmed, a Lebanese commercial bank regulated by the Central Bank of Lebanon. The aim of the loan is to support the expansion of Bankmed’s lending activities to small and medium-sized ...
July 2, 2015 - 5:03am from MicroCapital
The European Commission, the European Union’s executive body, and the European Investment Fund (EIF), an EU-affiliated provider of finance to organizations that lend to small and medium-sized enterprises (SMEs), recently partnered to introduce the European Programme for Employment and Social Innovation (EaSI). The program has a total budget of EUR 193 million (USD 213 million), which is to be used to support “microfinance and social entrepreneurship.” Of this, EaSI will provide guarantees ...
July 1, 2015 - 9:40pm from MicroCapital
FINCA Bank Georgia (FINCA Georgia), the Georgia-based subsidiary of the Foundation for International Community Assistance (FINCA International), a US-based nonprofit microfinance organization, recently announced that it has entered into an agreement with the Greece-based international financial institution Black Sea Trade and Development Bank (BSTDB), to receive a loan of USD 7 million. The loan is intended to be used for on-lending to micro- and small enterprises that operate in the ...
June 30, 2015 - 5:30pm from The Microfinance Research Blog
You might have noticed the rainbow banner across the top of WordPress.com over the weekend — our way of marking Pride month, celebrated by cities across the globe in June, as well as the US Supreme Court’s ruling legalizing same-sex marriage across all states. (The United States now joins 20 other countries, including my own, Portugal, in fully recognizing same-sex marriage nationwide.)
June 12, 2015 - 11:14pm from MicroCapital
The European Union (EU), the UK-based, multilateral European Bank for Reconstruction and Development (EBRD) and the Turkish government have partnered to introduce the Finance and Advice for Women in Business Programme in the northwest region of Turkey. EBRD plans to provide up to EUR 300 million (USD 337 million) in credit lines to banks on-lending to women-led businesses. EU, the Turkish Ministry of Labour and Social Security, and the Turkish Employment Agency plan to offer mentoring and ...
June 11, 2015 - 1:34pm from CGAP Microfinance Blog
Since the start of the Syrian crisis in 2011, almost 15% of the Syrian population – more than three million – have fled their homes to find refuge in Turkey, Lebanon, Jordan, Iraq, and Egypt. In addition to the psychological trauma, their livelihoods have been threatened.
May 19, 2015 - 5:03am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and the International Finance Corporation (IFC), a member of the US-based World Bank Group that seeks to increase economic growth in developing countries, recently announced that the two organizations will disburse a senior loan of USD 97 million to Alternatifbank (ABank), a private commercial bank in Turkey. EFSE’s share of the multipurpose credit facility is USD 22 million, an amount ...
May 7, 2015 - 4:30pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle focusing on Southeast Europe and Central Asia, recently invested in two microfinance institutions (MFIs) in an effort to support micro- and small enterprises: Mikrofin, an MFI in Bosnia and Herzegovina with a network of 64 offices; and Opportunity Bank Serbia (OBS), a member of US-based Opportunity International, which is active in in 22 countries. The loan amounts were EUR 5 million (USD 5.6 ...
April 20, 2015 - 5:23pm from Private Sector Development Blog
The U.S. Federal Reserve System has taken new steps toward raising interest rates, but there is a disconnect between what the Fed and markets think will happen. What does it all mean for emerging and developing countries?   Central banks in developed economies have created an environment of ultra-low interest rates to rekindle economic growth and to battle falling inflation. They’re doing this by keeping policy rates close to zero and “printing money” on an ...
April 18, 2015 - 4:29pm from MicroCapital
Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, reportedly has invested EUR 22 million (USD 23 million) in the Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources. The German Federal Ministry for Economic Cooperation and Development (BMZ) has also invested EUR 9 million (USD 10 million) in GGF. The additional capital is expected to ...
March 25, 2015 - 1:51pm from Private Sector Development Blog
In 2013, investment commitments to infrastructure projects with private participation declined by 24 percent from the previous year.  It should be welcome news that the first half of 2014 (H1) data – just released from the World Bank Group’s Private Participation in Infrastructure (PPI) database, covering energy, water and sanitation and transport – shows a 23 percent increase compared to the first half of 2013, with ...
March 17, 2015 - 3:18am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently issued a USD 20 million senior loan to AccessBank, an organization founded in 2002 to provide credit and other financial services to  smaller businesses and low-income families in Azerbaijan. The loan will be used to provide financing for approximately 6000 additional micro- and small enterprises (MSEs) in rural parts of the country. According to Monika Beck, ...
March 13, 2015 - 3:16pm from Center for Financial Inclusion Blog
> Posted by Center Staff #147841446 / gettyimages.com In over 100 countries around the world, central banks, stock markets, finance providers, NGOs, and others are coming together en masse this week and next to target the financial inclusion of one of the most underserved client segments: children and youth.
February 25, 2015 - 2:24pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based investor in the development of local financial sectors in Southeast Europe and parts of Central Asia, recently informed MicroCapital that it has loaned EUR 20 million (USD 23 million) to Burgan Bank, a personal and retail bank in Turkey. The funds are to be on-lent on a “long-term” basis to micro-, small and medium-sized enterprises in rural areas of the country. As of 2014, EFSE reported total assets of EUR 854 ...