|
Published 05/10/2009
Garanti Factoring is your committed, reliable and strong business partner in Turkey with almost two decades experience in the sector. Garanti Factoring's experienced team of professionals is dedicated to help businesses with innovative products and tailor-made creative solutions. As your factoring partner in Turkey, we are prepared to help grow your business and confident that with our outstanding service quality and innovative product suite as well as highly professional approach to business, we can add value to your business and ensure mutually beneficial relationship in the industry. Garanti Factoring enjoys a strong shareholder structure and a powerful brand name in Turkey being a subsidiary of Garanti Bank. Through a close cooperation and synergy with the parent bank, Garanti Factoring is able to utilize an extensive distribution channel to penetrate into an increasing customer base nationwide and capitalize on a commercial banking expertise. The in-house credit approval process is undertaken on both seller and debtor basis in line with a strong credit policy approach. The share of open account trade in the total trade volume has been increasing significantly over the past couple of years in line with Turkey's strong growth in total exports. Turkey being a major export market has ranked within the top 3 performing markets in two factor export business over the recent years. Garanti Factoring is a major player in the sector by offering international factoring services including two factor export business. In addition to export business, Garanti Factoring is also active in import business and we can be your collection partner as well as offering you full service for the buyers in Turkish market capitalizing on Garanti Group's strengths in distribution capability, client history, commercial banking expertise and quick internal credit appraisal process. Despite the recent financial turmoil, Garanti Factoring has successfully achieved a leading position in the sector with a turnover of Euro 1.75 billion and increased its earnings by 39 % in the first half of 2009. The positive trend in the profitability and market share is the result of increasing market penetration and client satisfaction through a wide range of innovative products and services.
|
