Home / Knowledge / News / Textiles / Turkish banks once again eye textile sector
Turkish banks once again eye textile sector
12
Oct '10
The textile and ready-made garment industry in Turkey has now started getting bulk orders from European importers, looking at which, banks in the country have raised the quantum of loans offered to these industries.

The recent upward trend in the textile sector is seen to be luring the banks, which are now approaching the textile industrialists with loan offers.

During last year's economic slump, the lenders who almost stopped advancing loans to the textile industry, now have adopted a progressive approach over the last six months, and once again, have started offering loans to textile industrialists.

As of now, the lenders are having cash on their hand, while the Turkish Central Bank have hiked the reserve ratio for banks which is seen to bring down lenders profits. Thus, the lenders are now exploring new avenues, by approaching their old contacts.

Industry sources stated that, when during economic slump, some of the small banks adopted stringent attitude and ceased advancing loans to the textile units, the textile units, in turn, opted to pay back their loans to banks in those times of crisis.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search