Borsa Istanbul becomes finance hub for companies: CEO

ISTANBUL – Anadolu Agency

AA photo

Borsa Istanbul has become a hub for companies that generated more than $100 billion in profits between 2010 and 2014, its CEO said during the opening speech of the second International Borsa Istanbul Finance and Economics Conference on Oct. 1.

Tuncay Dinç said Borsa Istanbul was ranked number two among developing countries’ stock markets, with its trading volume exceeding $3.5 trillion in 2014.

The conference, “New Era in Capital Markets,” covers a wide range of issues, such as stock market law regulation.

Stressing that Borsa Istanbul had taken steps to help small- and medium-sized enterprises (SME) and new companies obtain financing, Dinç said the stock market had opened “a finance technopark” with Istanbul-based Bogaziçi University.

He also said it was important for the economy and society that the finance market improves.

Dinc said he deeply cared about SME financing, angel investment, alternative finance management and risk capital, saying SMEs would be more productive and secure if they can access Turkish and developing countries’ funds.

SMEs constitute 95 percent of all companies in Turkey, according to Dinç.