NEWS

KGF IS ON SME’S SIDE AT ANADOLU APPROACH
[10/08/ 2007]

KGF IS ON SME’S SIDE AT ANADOLU APPROACH
[28/03/ 2007]

KGF WILL GUARANTEE THE SME’S CREDIT DEMANDS FROM FINANS LEASING
[08/03/ 2007]

FROM NOW ON, KGF AND AKLEASE WİLL BE TOGETHER IN FINANCING OF THE SME’S PROJECTS
[06/03/ 2007]

KGF AND TURKIYE FINANS ARE WORKING TOGETHER
[31/01/ 2007]

KGF IS IN KOBIF (SME’s INFO & TRAINING FAIR)
[25/01/ 2007]

EURO 10 MILLION ADDITIONAL CREDIT GUARANTEE SUPPORT TO SME’S FROM EUROPEAN UNION
[22/12/ 2006]

COOPERATION WITH ZIRAAT BANKASI
[02/10/2006]

KGF IS GROWING
[13/09/2006]

 
KGF IS GROWING MORE SME’S WILL BE ABLE TO REACH THE LOANS THAT THEY NEED
KGF and Isbank have been signed a protocol in August 10th 2007. Thus, SME’s, will reach the loans of Isbank easily by means of KGF guarantees.
[10/08/ 2007]



KGF and Isbank have been signed a protocol in August 10th 2007. Thus, SME’s, will reach the loans of Isbank easily by means of KGF guarantees.

As iti is known, main objective of KGF is supporting the SME’s by providing a guarantee. With this protocol, SME’s that with inadequate collateral will start to benefit from guarantees of KGF when they us a credit from Isbank and Is Leasing. Also through the widespread branch network of Isbank in all over the Turkey, more SME’s will reach the desired loan by them.

With these protocols, partner banks, leasing companies and financial institutions of KGF have been raised 20.

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KGF IS ON SME’S SIDE AT ANADOLU APPROACH
KGF has signed the Restructuring the Debts Framework Agreement.
[28/03/ 2007]

As it is known, the Act Nr. 5569 on Restructuring of Debts to Financial Sector, of Small and Medium-size Enterprises which is also known as “Anadolu Approach” has entered into force subsequent its publication in the Official Gazette dated December 27, 2006 Nr. 26392. KGF has signed the Restructuring the Debts Framework Agreement which has been prepared in terms of the Act Nr. 5569. SME’s, which annual turnover is up to TRY 25 million or which employ up to 250 people, will bee scope of this law.

By signing this Framework Agreement by KGF, SME’s, with the inadequate collaterals to restructure their debts, will be stronger by having support of KGF while signing a protocol with related banks. For more details about this Act Nr.5569 and mentioned Framework Agreement, please visit the web site of the Banks Association of Turkey, at www.tbb.org.tr

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KGF WILL GUARANTEE THE SME’S CREDIT DEMANDS FROM FINANS LEASING
More SME’s are reaching guarantees of KGF by signing new protocols consecutively. Latest protocol has been signed with Finans Leasing.
[08/03/ 2007]

KGF, whose main objective is supporting the Small and Medium Size Enterprises (SME’s) by providing a guarantee for their financing and consequently increasing the credit usage in general, and Finans Leasing have signed a protocol on February 15, 2007. From mentioned date on, SME’s that with inadequate collateral, have started to benefit from guarantees of KGF when they us a credit from Finans Leasing. Thus, with this Protocol, partner leasing companies have been raised 4 and total banks and financial institutions of KGF have been raised 17.

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FROM NOW ON, KGF AND AKLEASE WİLL BE TOGETHER IN FINANCING OF THE SME’S PROJECTS
KGF is continuing growing at the double. New Protocol has been signed with Aklease. [06/03/ 2007]

By the Protocol, which was signed at February 2nd, 2007, between KGF and Aklease, SME’s will be able to use the guarantee of KGF as they use a credit from Aklease. With this Protocol, partner banks and financial institutions of KGF have been raised 16. This is not only means more SME’s will benefit from services of KGF but also more opportunities will be created for SME’s.

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KGF AND TURKIYE FINANS ARE WORKING TOGETHER

[31/01/ 2007]

By signing the Protocol between KGF and Turkiye Finans KGF on 31st January 2007, matter of insufficient collateral will be solved for SME’s. SME’s will access the loans of Turkiye Finans by means of KGF even they do not have enough collateral. Thus, more opportunities will be created for SME’s to benefit from loans. Numbers of KGF’s partner banks and financial institutions raised 15 with Turkiye Finans.

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KGF IS IN KOBIF (SME’s INFO & TRAINING FAIR)
SME’s Info & Training Fair has been organized by TOBB (The Union Chambers and Commodity Exchanges of Turkey) during 2007 in 20 cities of Turkey to get SME’s and solutions partners together. [25/01/ 2007]

Project partners of this Fair are TR Ministry of Industry and Trade, KOSGEB (Small and Medium Industry Development Organization), TÜBİTAK (the Scientific and Technological Research Council of Turkey), TPE (Turkish Patent Institute) and Halkbank (State Bank for SME’s). Aims of this Fair are to facilitate to new entrepreneurs, open new prospects to existing entrepreneurs and to get all partners together related to SME’s. Thus, it has been planned to strengthen the SME’s by supplying the all information about production, foreign trade, trademarking, certification, financing, marketing, related fairs, internal and foreign investment facilities etc. For this purpose Kredi Garanti Fonu is participating these fairs which will be held on 26-27 January 2006 at Atatürk Cultural Center in Ankara.


Approximately 100 public and private sector associations and establishments will participate the fairs and give the all information about different supports for SEM’s development. Also by supporting of chambers of commerce and industry, there will be several seminars, panels and informal essays in 20 cities during 2007.

For more information about these fairs, please visit www.kobif.com

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EURO 10 MILLION ADDITIONAL CREDIT GUARANTEE SUPPORT TO SME’S FROM EUROPEAN UNION
[PRESS STATEMENT]
EUROPEAN INVESTMENT FUND HAS INCREASED THE VOLUME OF KGF GUARANTEES, WHICH ARE CountER-GUARANTEED BY EIF, TO EURO 24 MILLION FROM EURO 14 MILLION. [22/12/ 2006]

EIF has extended the implementation of credit guarantee in Turkey until the end of 2007 and increased the volume to Euro 24 million. Through this agreement, KGF guarantees are Counter-guaranteed by European Investment Fund (EIF), up to 50 %. This agreement, signed between KGF and EIF in 2004, is under the European Community’s Multiannual Programme for Enterprise and Entrepreneurship and, in particular, for Small and Medium sized Enterprises (SME,s) (2001-2006). Aim of this Programme is giving opportunity to SME’s to increase their employment volume and grow their business.

Demand of 3 years or longer term investment credits of SME’s will be covered by this implementation. By amending the protocol, number of workers has been increased up to 250 employers.

KGF has been displaying its activities by providing a guarantee for SME’s to access the bank loans if they have not enough collateral since 1994. Principle of KGF is sharing the risks. In this context, KGF covers up to 80 % of the loan. Guarantee limit is Euro 400.000 or equivalent of YTL.

Dominant shareholder of KGF Operating&Research J.S.C. are TOBB (The Union Chambers and Commodity Exchanges of Turkey) and KOSGEB (Small and Medium Industry Development Organization). Other shareholders are TESK (Confederation of Tradesmen & Craftsmen), MEKSA (Foundation for the Promotion of Vocational Training & Small Industry), TOSYÖV (Turkish Foundations for Small & Medium Business), HALKBANK (State Bank for SME’s).

Today, KGF has been cooperating with 14 banks and financial institution and this number is increasing every day by signing new protocols.

Yours sincerely,

KGF - CREDIT GUARANTEE FUND
Operating & Research J.S.C.
General Management

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COOPERATION WITH ZIRAAT BANKASI
From now on, loans of Ziraat Bank will be under the guarantee of KGF.
[02/10/2006]

By signing the Protocol between Ziraat Bank and KGF on 2nd October 2006, matter of insufficient collateral will be solved for SME’s. SME’s will access the loans of Ziraat Bank by means of KGF even they do not have enough collateral. Thus, more opportunities will be created for SME’s to benefit from loans. Signing this protocol with Ziraat Bank, number of banks and financial institution, are KGF cooperates with, raised 14.

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KGF IS GROWING
Capital of KGF has been increased at General Assembly of KGF, which was held on 21st August 2006. In connection with this, the press statement of Mr.Rifat Hisarciklioglu, who is the president of TOBB - The Union Chambers and Commodity Exchanges of Turkey, is below.
[13/09/2006]

I would like to greet you on behalf of me and TOBB. Welcome.

Financial sector and reel sector are like two parts of an apple. Financial sector works as a vein to feed the SME’s which are the basic instruments of economy. Thus, when one of them is in a bad condition, other one shouldn’t be expected to be in a good condition. After 2001 crisis, financial sector has been restructured. During this period, conversion ratio of deposit to credit reached 70%, which was less than 30% before. However for four years, even consumer credits have multiplied 13 times, commercial credit have multiplied only 3 times. In other words, there are some steps to be taken to strengthen the relations between financial and enterprise SECTORS.

In this context, KGF, which we are shareholder of 50%, supplies a much felt want. Volume of credit can be provided by KGF is restricted with its capital. So, capital of KGF has been increased. Demands and importance of KGF will be increased after implementation of Basel II critters.

Basel II critters require higher quality need of collateral. On this acCount, increasing capital of KGF will provide efficient, quality, common loan service which is compatible with concept of modern banking system in the near future.

By strengthening the structure of capital, credit sources of KGF will be increased, thus more SME’s will be accessed. Besides, operations are continuing to find a finance, cash or non-cash, especially from foreign finance foundations. In this context, in accordance with the agreement signed between KGF and European Investment Fund, KGF guarantees are Counter-guaranteed by EIF up to 50%.

When applications of KGF become commonplace, financial system will be deeper and new opportunities will be provided for SME’s. Because there has been a big increase in demand of KGF and annual credit volume has been doubled by providing loan for 488 SME’S last for 2 years. So that, not only capital of KGF but also human resource, corporate infrastructure and technical capacity should be strengthened.

Up to now KGF has guaranteed $170.000.000 for approximately 1.900 project of 1.087 SME’s. Such effective, key system should be supported by Government. KGF should also benefit from the sources, which are allocated to support the SME’s, of Treasury.

And I would like to congratulate the directors of KGF on their successful operations to settle the credit guarantee system. I also would like to thank to Mr.Ali Coşkun, Minister of Industry and Commerce, for his supports to Turkish private sector and attaching importance to KGF. With kind regards.

M.Rifat Hisarcıklıoğlu
13th September 2006, Ankara

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