Evaluating the Credit Guarantee Fund (Kgf) of Turkey as a Partial Guarantee Program in the Light of International Practices
Dr. Hakan TUNAHAN, Dr. Ahmet Selçuk DIZKIRICI

Abstract
This study aims to evaluate the structure and performance of The Credit Guarantee Fund of Turkey (KGF) from different aspects of literature and international practices. Analysis shows that the value of Guarantee of KGF is low in Turkish banking regulations and banks are hesitant to use its guarantee. Its average guarantee amount is higher than European average, but default rate is higher and leverage ratio is lower compared to standards and international practices.

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