The Turkish factoring sector’s rapid growth continues Some of the principal developments that took place in the sector during 2016 are summarized below.
Total transaction volume in 2016 amounted to USD 37,1 billion of which 83% (USD 30,7 billion) was domestic and 17% (USD 6,4 billion) was international factoring.
As of end-2016, there were 62 companies active in the Turkish factoring sector with 19 of them operating also in international factoring. As of year-end, factoring sector serves with 360 branches and 4,716 employees and 98,908 customers.
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