In Turkey, investors can easily meet the needs of project finance from the loan markets. The loan market consists of banks, factoring, leasing and insurance companies. In Turkey, there are three types of banks: deposit banks, development/investment banks and participation banks.
The Turkish banking system today has an exemplary functioning model in the world banking system and is in a position to provide any kind of project financing or to support them. Another relevant business application is factoring. Organizations called factors pay for receivables and undertake the risk of payment.
Another method of financing is leasing, which is a financial product, introduced by the Financial Leasing Law No. 3226, adopted in 1985. Leasing in Turkey is applied in the forms of domestic leasing, foreign leasing, sale and lease back and sales aid leasing. Apart from resident banks, international development banks such as the European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), International Finance Corporation (IFC) also provide funding to many projects in Turkey.
Banking Regulation and Supervision Agency: www.bddk.org.tr
The Banks Association of Turkey: www.tbb.org.tr