Turkey Market Profile

February 1, 2015 - 9:48am from MicroCapital
The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources, recently disbursed a senior loan of USD 2 million to Agricultural Cooperative Bank of Armenia Leasing (ACBA Leasing). ACBA-Credit Agricole Bank (ACBA), a regulated bank in Armenia that is part of the French Credit Agricole group, holds a majority equity stake in ACBA Leasing. The loan is intended to support EE projects in the country that will “yield ...
January 21, 2015 - 1:43am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it is loaning EUR 10 million (USD 11.6 million) to UniCredit Bank Serbia, a subsidiary of Italy-based financial services company UniCredit Group, for on-lending for housing purchases and home improvement projects. According to Claudio Cesario, the CEO of UniCredit Bank Serbia, the bank has “two options for our retail clients: to buy space for living, or invest ...
January 21, 2015 - 1:23am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently extended loans to Garanti Leasing (GL), a leasing subsidiary of Turkey’s Garanti Bank (GB), and Banca Intesa Beograd (BIB), a commercial bank in Serbia that is part of Italy’s Intesa Sanpaolo. The loan to GL totals EUR 20 million (USD 23 million) with 50 percent being earmarked for on-lending to micro- and small-sized enterprises (MSEs) in “priority development regions” ...
January 14, 2015 - 2:14am from MicroCapital
The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in England, recently extended loans to Finansbank, a commercial bank in Turkey that is a subsidiary of the National Bank of Greece Group, and Bank CenterCredit (BCC), a Kazakhstan-based joint stock company. The loan to Finansbank totals EUR 50 million (USD 59.2 million) and is for on-lending to small and medium-sized enterprises (SMEs) that are managed by female ...
January 7, 2015 - 5:03am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a senior loan equivalent to EUR 7 million (USD 8.3 million) but denominated in Romanian leu to Patria Credit IFN SA (Non-banking Financial Institution Corporation), a microfinance institution (MFI) in Romania. The aim of the loan is to fund small business ventures, microenterprises and small-scale farmers located in rural areas of ...
January 6, 2015 - 5:21pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a senior loan of EUR 7 million (USD 8.3 million) to Agricover Credit IFN SA (Non-banking Financial Institution Corporation), a lender to farmers in Romania. The aim of the loan is to fund the development of agricultural microenterprises and small business ventures in the country. Ms Monika Beck, the chairperson of the board of EFSE, said ...
January 4, 2015 - 9:16am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a senior loan of EUR 25 million (USD 30 million) to Finansbank, a commercial bank in Turkey that is a subsidiary of the National Bank of Greece Group, a Greek financial conglomerate. The aim of the loan is to fund micro-, small and medium-sized enterprises (MSMEs) in Turkey, with 50 percent of the funding to be dedicated to MSMEs located in the ...
December 31, 2014 - 12:58am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy sources, recently granted loans of EUR 10 million (USD 12.1 million) each to Halkbank AD Skopje, a Macedonia-based bank, for expanding the bank’s work with micro- and small enterprises (MSEs) as well as to support energy efficiency and the housing market. This ...
December 19, 2014 - 9:29pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it is disbursing a senior loan of EUR 3.4 million (USD 4.17 million) to Agricultural Cooperative Bank of Armenia (ACBA) Leasing, a subsidiary of ACBA, for on-lending to micro- and small enterprises (MSEs). This loan is intended to focus on supporting agricultural clients and other MSEs in Armenia. According to Monika Beck, the Chairperson of the Board of ...
December 10, 2014 - 1:30am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently issued a senior loan of EUR 5 million (USD 6.2 million) to Alter Modus, a Montenegro-based microfinance institution (MFI), for lending to micro- and small enterprises (MSEs) within Montenegro. Alter Modus historically has made loans of up to EUR 10,000 (USD 12,300) with average loans sizes of around EUR 1,500 (USD 1,800). The loan from EFSE is intended to enable Alter Modus to ...
December 8, 2014 - 4:00pm from MicroCapital
Event Name: Credit Risk and Problem Loan Management Workshop Event Dates: January 29 – 30, 2015 Event Location: Taj Exotica, Cawaddo, Benaulim, Goa, India Cost: Pricing is based on two-person teams from each institution: If registered before December 17, the cost per team is USD 2,000, otherwise the fee is USD 3,000. A discount of USD 500 is offered to members of the Small Business Banking Network (SBBN). Summary of Event: This conference is meant for peers to ...
December 5, 2014 - 7:37am from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it has established a partnership with Muganbank Open Joint Stock Company (OJSC) (Muganbank), a retail and corporate bank in Azerbaijan. This partnership will commence with the disbursement of a senior loan facility of USD 5 million to Muganbank by EFSE. The loan proceeds are expected to be on-lent to micro-, small and medium-sized enterprises (MSMEs) in rural ...
December 4, 2014 - 4:37pm from MicroCapital
Event Name: Mobile Money and Digital Payments Asia 2015 Event Dates: January 20 — January 22, 2015 Event Location: The Ritz-Carlton Jakarta, Jakarta, Indonesia Cost: For solution providers, the cost to attend is USD 1999 for early booking and USD 2399 for regular booking. For representatives from banks, non-governmental organisations or microfinance institutions, the cost is USD 799 for early booking and USD 999 for regular booking. The cutoff date for early booking ...
November 13, 2014 - 5:01pm from MicroCapital
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), will disburse a EUR 10 million (USD 12.5 million) senior loan to Fibabanka, a Turkish commercial bank, for lending to small and medium-sized enterprises (SMEs). Bekir Dildar, Fibabanka’s general manager, stated that “this medium-term funding will enhance our finance capacity and enable us to reach out to new SME clients.” This deal follows the completion of a previous loan from EFSE in ...
November 11, 2014 - 4:38am from MicroCapital
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is in the final stage of considering an investment totaling EUR 25 million (USD 31 million) in The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources. EBRD expects that the investment would promote expansion of the market for financing sustainable energy by demonstrating the benefits of energy ...
November 9, 2014 - 12:21am from MicroCapital
The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources, recently disbursed a senior loan totaling USD 5 million to Muganbank, a financial institution that offers retail and corporate banking services in Azerbaijan, to on-lend to finance energy-efficient measures to be taken by households and micro-, small and medium-sized enterprises (MSMEs). GGF and Muganbank anticipate that these loans will result in an ...
November 6, 2014 - 1:40pm from Microfinance Africa
(Dubai) 4th Global Islamic Microfinance Forum was successfully ended in Dubai. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance. The delegates from international organizations related to Microfinance, Islamic microfinance, micro insurance and NGOs participated in the event i.e. World Bank, Islamic Development Bank – IFC and so on. The aim of ...
November 5, 2014 - 12:33am from MicroCapital
Green for Growth Fund Southeast Europe (GGF), a Luxembourg-based foundation that finances environmentally sustainable enterprises, along with the Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO), a Dutch development bank, recently entered a joint agreement to provide Turkish bank Fibabanka with a credit line of EUR 40 million (USD 50 million) for on-lending to businesses for efforts to have plans to become more energy-efficient. Fibabanka’s recently launched ...
October 29, 2014 - 5:22am from MicroCapital
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, along with the European Union Delegation to Turkey, the Turkish Employment Agency and the Ministry of Labour and Social Security of the Republic of Turkey recently launched the “Finance and Advice to Women in Business” program, an initiative that aims to strengthen and increase the role of women in the Turkish economy. EBRD will provide up to EUR 300 million (USD 380 million) ...
October 11, 2014 - 2:17pm from MicroCapital
The European Investment Fund, a member of the European Investment Bank Group providing financing to small and medium-sized enterprises, recently loaned EUR 2 million (USD 2.53 million) to Vitas, a Romanian microfinance institution, through European Progress Microfinance, a microfinance investment vehicle supported by the EU’s European Commission and the European Investment Bank. The loan will be used to provide funding to young Romanian microentrepreneurs who are unable to access ...