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

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search