years of experience, we produce kids clothing for
0 -15 years old.
We produce especially jeans, gabardine, velvet,
We have got resellers in Turkey and in other
Monetary policies in Turkey are
directed by the Central Bank of the Republic of Turkey. The Central Bank has
the authority to issue banknotes. The Central Bank is also responsible for
implementing the monetary policy, regulating money supply, extending loans
to banks, and forming the instruments of the monetary policies. Under the
Central Bank Law, amended in 2001, the task of achieving price stabilization
also belongs to the Bank and this is considered the principle task of the
The economy in Turkey and the Turkish financial system underwent
important structural changes since 1980. The financial policies introduced
removed the restrictive regulations in the sector and thus paved the way for
the development of a competitive environment. Thus, there have been
extensive developments in the banking system. The application of liberal
policies such as facilitating the entrance and exit of domestic and foreign
banks, child wear manufacture and liberating interest rates,
enlivened the banking sector and contributed to its rapid growth. Thanks to
the liberal policies and the new banks entering the system, the
predominance of the public sector has been gradually going down. The banks
in Turkey have rapidly increased the number of services available for their
clients. With the technological competition they face, the banks are making
use of the electronic banking services which increase service quality.
contact us, you will see the difference as child wear manufacture in
Istanbul – Turkey, so please
contact us as soon as possible.
Important steps have been taken to ensure the harmonization of legal and
organizational aspects of banking with international norms. Banking Law No.
4389, enacted in June 1999, has introduced the “Banking Regulation and
Supervision Board” (BRSB). The Board has the authority to make decisions
independent from any political authority, and its administrative and
financial autonomy allows the more efficient use of supervisory power. In
order to harmonize banking regulations with international criteria, in May
2001 the BRSB implemented a new program called “Banking Sector
Restructuring”. The basic aims of the program have been the financial and
operational restructuring of the public banks to be privatized, the capital
improvement of private banks, solution of the problems of the Savings
Accounts Insurance Funds, and harmonizing the applications in the banking
sector and child wear manufacture with international standards
and European Union norms.
As of the end of 2002, there were 40 commercial banks and 14 non-investment
banks operating in Turkey, making a total of 54 functional banks. The
banking sector holds a value of 129 billion dollars, with 123,000 employees
and a total of 6,106 bank branches.
Information technology applications are very much up to date in Turkey
in comparison to other countries. In this scope ATM, POS, telephone
baking and internet are in extensive use. Electronic banking, holding an
important place on the agenda of banks is used to further customer
relations, improve the quality of service and reduce costs. Thus, many
investments have been made for “Call Centers”, “Internet Banking” and
“Customer Relations Management” during the last few years. The banks also
employ information technology in their own transactions. Several banks have
closely followed electronic trade developments and have implemented
necessary measures and have made the necessary investments to supply
customers with electronic trade possibilities.
Since 1984, private financial institutions have also been active in the
financial system in Turkey. There are five private financial
institutions operating in Turkey and they were included within the
scope of the Banking Law with the amendment in 1999. Insurance companies,
the Istanbul Stock Exchange, the intermediaries in the Stock Market,
real estate investment partnerships, leasing and factoring companies also
operate within the financial system.
Insurance. After 1990, domestic and foreign insurance companies were
granted permission to enter the market which was frozen until then. The
liberalization of tariffs began in the insurance tariff system, which was
previously determined by administrative decisions. This change vitalized the
sector and provided rapid growth. As a matter of fact, the insurance sector
produced premiums of over 2,426 million US dollars, of which 456 million
were health premiums in 2002. The insurance sector has contributed to the
economy by paying more than 1.283 million US dollars in indemnities.
As of the end of 2002, there were a total of 58 companies operating in 13
different branches, including 55 insurance and 3 reassurance companies.
There are also a total of 15,600 insurance agencies in the sector.
Another structural change that is part of the social security reform and
complements the public social security system, is the “Law on Individual
Retirement and Investment System”. It establishes individual retirement
plans for those citizens voluntarily contributing in accordance with preset
payments. The administrative and legal framework necessary for the effective
implementation of this system has been completed and a number of retirement
companies has emerged since 2003.