Black Sea Trade and Development Bank and Doğan Investment Bank Form Strategic Partnership to Support SMEs
Foreks - The Black Sea Trade and Development Bank (BSTDB) aims to assist Turkish SMEs in managing and optimizing their cash flows by providing a financing source to Doğan Investment Bank. This source is intended to facilitate access to supply chain financing for small and medium-sized enterprises and help them gain financial flexibility.
Doğan Investment Bank will channel the relevant source through its newly launched state-of-the-art KobiKrediD digital credit platform, developed in collaboration with leading fintech companies and digital solution providers. The platform offers easy access to financing through an efficient credit decision process based on behavioral and financial scoring. This initiative aligns with BSTDB's strategic goals of strengthening the financial sector in countries bordering the Black Sea, enhancing corporate capacity, and supporting the real economy in member states.
The financing is designed to provide timely and flexible financial support to SMEs to meet their operational needs. The digital platform also enhances Doğan Investment Bank's capacity to serve the SME sector more efficiently.
Dr. Serhat Köksal, President of BSTDB, stated at the signing ceremony, “We are pleased to strengthen BSTDB’s efforts to support the Turkish economy through our collaboration with Doğan Investment Bank. Providing SMEs with the necessary tools to become more competitive is vital for the sustainable development of the country’s economy. This collaboration includes supply chain financing and SME support through Doğan Investment Bank’s KobiKrediD digital credit platform. This initiative aligns with our objectives to strengthen the financial sector in the Black Sea region.”
Hulusi Horozoğlu, CEO of Doğan Investment Bank, remarked at the ceremony, “We are proud to collaborate with the Black Sea Trade and Development Bank to enhance financial solutions for Turkish SMEs. This partnership represents a significant step in our commitment to providing innovative financial solutions that enable sustainable economic growth. We are pleased to be a reliable business partner for BSTDB in Turkey and excited about the opportunities this collaboration will create for our clients and the Turkish economy.”
This collaboration demonstrates BSTDB’s commitment to supporting economic growth in Turkey and empowering young financial institutions like Doğan Investment Bank. Such new but promising financial institutions are poised to play a key role in the country’s economy.