Leasing companies in Turkey and Russia
have benefited from international government provision and state
sponsorship. The World Bank last month approved a US$600m export
finance intermediation loan to Turkey, which will be used to
develop leasing companies. About US$330m of the loan will go
directly to the development bank, Turkiye Sinai ve Kalkinma Bankasi
(TSKB), which will lend to banks and leasing institutions. In
Russia, Rosagrolizing state leasing company will receive part of a
US$0.4bn state subsidy issued by the country’s Finance Ministry to
help domestic agirculure.
have benefited from international government provision and state
sponsorship. The World Bank last month approved a US$600m export
finance intermediation loan to Turkey, which will be used to
develop leasing companies. About US$330m of the loan will go
directly to the development bank, Turkiye Sinai ve Kalkinma Bankasi
(TSKB), which will lend to banks and leasing institutions. In
Russia, Rosagrolizing state leasing company will receive part of a
US$0.4bn state subsidy issued by the country’s Finance Ministry to
help domestic agirculure.
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