The growth momentum and continuing climate of stability that the Turkish economy has gained in the last few years have had a direct and favorable impact on factoring transaction volumes as well.

According to factoring sector figures at year-end 2005:
• There were 92 companies active in the industry.
• The members of the Factoring Association together wrote a total of USD 11.3 billion in business of which 80.5% (worth USD 9.1 billion) was domestic factoring and 19.5% (worth USD 2.2 billion) was international factoring.
• Developments in international factoring have raised Turkish factoring companies' standings in world league tables.
• In world league tables, Turkey ranked 16th in terms of total factoring volume in 2005.
• Growth in the Turkish factoring sector in 2005 was about three times the European and worldwide averages. In 2005, 91.5% of the factoring transaction volume worldwide consisted of domestic factoring and the remaining 8.5% consisted of international factoring. In Turkey, these numbers were 83.2% and 16.8% respectively. Year-on growth rates of 8% (2002), 25% (2003), 49.2% (2004), and 48.8% (2005) are unmistakable evidence of the development of the Turkish factoring industry.
• An important development for the Turkish factoring sector last year was the passage of the Financial Services Act, which transferred the regulation and oversight of factoring companies from the Treasury to the Banking Regulation and Supervision Agency effective 1 January 2006. This change is an important step from the standpoint of overcoming the deficiencies in the legal framework governing factoring while the greater discipline and institutionalization resulting from this regulatory change is expected to bring new vigor to the sector.
• With the support of the economic environment and newly developed policies, it is expected that factoring will become an indispensable financing instrument over the next ten years, especially for SMEs.
• Furthermore with the country's small to medium-sized enterprises turning more and more to exports, the financing, guarantee, collection, and other advantages provided by international factoring will encourage them make even greater use of factoring services.