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Cooperative Banks and Applicability in Turkey

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  • Gökhan SÃœMER

Abstract

The primary objectives of cooperatives that are defined as an organizations set up by mutualisation to achieve common goals and protect economic interests is providing the needs of their partners with least cost by means of solidarity. The cooperatives, as other organizations, have needs of resource and financings. Equity shortages and insufficient loan facilities led to the establishment of cooperative banks.Nowadays, almost all cooperative banks over the world is situated in important position within the banking sector. The cooperative banks, in addition to offering loans to their partners with favorable terms, contribute to the strengthening and developing of cooperative structures and carry on activities through taking into account their partners’ interests.The cooperatives in Turkey get individuals developed and involved in economy through operating in various sectors particularly in agriculture. However, the financing of cooperatives are extended by state bank loans. Practices of cooperative banking in Turkey will contribute to the development of cooperative institutions by increasing financing facilities of the cooperatives.

Suggested Citation

  • Gökhan SÃœMER, 2021. "Cooperative Banks and Applicability in Turkey," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 1.
    • Handle: RePEc:fis:journl:210114
    DOI: 10.25295/fsecon.832496
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    Keywords

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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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