QNB Finansbank

The Turkish banking sector will end 2019 better than expected, with a recovery in macroeconomic indicators such as growth, inflation, and unemployment, said the heads of both state and private banks.

Bank managers expect the sector to continue to support the economy in 2020.

The European Bank for Reconstruction and Development (EBRD) has said it is providing a loan of 25 million euros to QNB Finans Finansal Kiralama A.Ş., a leasing subsidiary of the Turkish lender QNB Finansbank, to broaden access to finance for the country's small and medium-sized enterprises (SMEs).

The European Bank for Reconstruction and Development (EBRD) has said it is increasing financing for its popular Women in Business program with a new $55 million loan to QNB Finansbank, a Turkish commercial bank, which will on-lend the funds to businesses either owned or run by women. 

Turkey's foreign trade gap surged 80.4 percent in July and exceeded $8.7 billion due to a steep rise in gold imports and a base effect that resulted from a failed coup last July.

The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4. 

Turkey's unemployment rate rose to 11.8 percent in October 2016 marking the highest such rate since March 2010, when it hit 12.8 percent, the Turkish Statistical Institute (TÜİK) announced on Jan. 16.