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Fiba Faktoring
The Factoring Sector in Turkey

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.

Click here for more detailed information about Turkish factoring sector transaction volumes.