BSTDB and Doğan Investment Bank Forge Strategic Partnership to Boost Supply Chain Financing for Turkish SMEs
Funds to support Turkish Small Businesses in Optimizing Cash Flow Risks
The Black Sea Trade and Development Bank (BSTDB) is extending a Revolving SME Finance Facility to Doğan Investment Bank (Türkiye) to enhance supply chain financing for domestic small and medium-sized enterprises (SMEs). This facility is aimed at helping Turkish SMEs manage and optimize their cash flow risks.
Doğan Investment Bank will channel these funds via its newly launched, state-of-the-art SME digital lending platform, created in collaboration with top fintech companies and digital solution providers. This platform offers streamlined access to finance, utilizing an efficient credit decision process based on both behavioral and financial scoring. The initiative aligns with BSTDB’s strategic objectives to strengthen the financial sector, enhance institutional capacity in the Black Sea region, and support the real economy in its member countries.
The facility, operating on a revolving basis, ensures SMEs receive flexible, timely financial support to meet their operational needs. Simultaneously, the digital platform bolsters Doğan Investment Bank’s capability to serve the SME sector efficiently.
“We are pleased to expand BSTDB’s support for the Turkish economy through our partnership with Doğan Investment Bank, a newly established and fast-growing financial institution. Providing small businesses with the tools they need to become more competitive is vital for the sustainable development of the country’s economy. This collaboration, which includes supply chain financing and support for Doğan Investment Bank's digital lending platform, aligns with our strategic objectives to bolster the financial sector and support SMEs in the Black Sea region,” said BSTDB President Dr. Serhat Köksal at the signing of the agreement.
Hulusi Horozoğlu, Doğan Investment Bank’s CEO and Board Member, stated“We are proud to partner with Black Sea Trade and Development Bank to enhance financial solutions for Turkish SMEs, the backbone of Türkiye’s economy. This collaboration signifies an important step forward in our commitment to provide innovative financial solutions that drive sustainable economic growth. We are delighted by BSTDB’s trust in us as a reliable partner in Türkiye and look forward to the opportunities this partnership will create for our customers and Türkiye’s economy.”
This new partnership underscores BSTDB’s dedication to fostering economic growth in Türkiye by supporting local SMEs and nurturing emerging financial institutions like Doğan Investment Bank, which are set to play a pivotal role in the country’s economic landscape.
Doğan Investment Bank, owned100%by Doğan Group, is a young and dynamic institution which started its operations in August 2021. With a focus onstructured finance, investment banking, transactional banking, treasury products, and digital solutions offered to corporate and commercial banking clients, the Bank aims to support Türkiye's economic progress while positioning itself as a leading investment bank and a strong regional player.Operatingwith a mission to create sustainable value for all stakeholders, the Bank leverages global standards, market insights, and extensive experience in both domestic and international markets.For more information:dybank.com.tr.
The Black Sea Trade and Development Bank (BSTDB)is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visitwww.bstdb.org.
Contact:
Haroula Christodoulou
: @BSTDB
