Turkish factoring gets a boost with EBRD financing

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

The European Bank for Reconstruction and Development (EBRD) is extending a local currency loan (Turkish lira) for the equivalent of €10 million ($11.2 million) to Ulusal Factoring. Ulusal is the fifth largest non-bank owned factoring company in Turkey, with over 15 years of operating experience in the factoring sector.

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