Export Credit Bank of Turkey (Türk Eximbank) | Export Credit Agency (ECA) in Turkey

Export Credit Agency (ECA) in Turkey

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Export Credit Bank of Turkey (Türk Eximbank) |
Export Credit Agency (ECA) in Turkey
Turkey Eximbank Logo

About Export Credit Bank of Turkey

The purpose of the bank; development of exports, diversification of exported goods and services, gaining new markets for export goods, increasing the share of exporters in international trade, providing necessary support in their initiatives, providing exporters and investors operating in abroad and international markets with competitiveness and assurance. and to promote and support the production and sale of investment goods.

A summary of Export Credit Bank of Turkey

Summary video of Export Credit Bank of Turkey (Türk Eximbank) and how it operates in Turkey. Türk Eximbank has signed syndicated loans worth 500 million euros with the participation of 26 banks, it announced in a written statement on July 21.

Türk Eximbank, the official export credit agency of the Turkish government and Turkey’s major export incentive instrument, thus refinanced transactions worth 330 million euros that were due on July 16, the statement added.

The volume of the bank’s syndicated loan usage has exceeded 1 billion euros this year. The same figure was around 630 million euros last year.

The two-year tranche will have a margin of 120 base points (bp) over Euribor/libor, while the one-year tranche will have a margin of 70bp. The transactions were undertaken under the coordination of Mizuho Bank Ltd, according to the statement.

Export Credit Bank of Turkey (Türk Eximbank) – Benefits of using an ECA in Turkey

  • Development of exports
  • Diversification of exported goods and services
  • Export credit insurance

What types of products and services does Export Credit Bank of Turkey (Türk Eximbank) offer in Turkey?

The purpose of Türk Eximbank is; development of exports, diversification of exported goods and services, gaining new markets for export goods, increasing the share of exporters in international trade, providing necessary support in their initiatives, providing exporters and investors operating in abroad and international markets with competitiveness and assurance, export with abroad investments or to promote and promote the production and sale of investment goods for the purpose of foreign currency acquisition. Türk Eximbank aims to contribute to the monitoring of a balanced, healthy and international competitive export policies. Here are the products offered by the Turk Eximbank.

  • Short-term export credits
  • Medium long-term export credits
  • Buyer Credits
  • Credit Insurance

History of Export Credit Bank of Turkey (Türk Eximbank)

With the stability decisions taken on 24 January 1980, a liberal economic policy has been started to be followed and an open development model has been adopted in this direction. As a result of the implementation of this new model, a foreign trade finance institution was needed in order to ensure the continuity of this situation. In order to meet the needs of the work started in late 1986 concluded a short time in the State Investment Bank, the Export Credit Bank of Turkey on 08/21/1987 / Turk Eximbank.

The purpose of Türk Eximbank is; development of exports, diversification of exported goods and services, gaining new markets for export goods, increasing the share of exporters in international trade, providing necessary support in their initiatives, providing exporters and investors operating in abroad and international markets with competitiveness and assurance, export with abroad investments or to promote and promote the production and sale of investment goods for the purpose of foreign currency acquisition. Türk Eximbank aims to contribute to the monitoring of a balanced, healthy and international competitive export policies.

To provide credit support that will meet the need and provide competitive power,
To increase the participation of domestic and foreign financial institutions in the financing of these activities and to give them guarantees to play an active role in the financing of these institutions,
To insure the receivables arising from the export of goods and services against commercial and political risks.
Following the completion of the first phase of the studies, the Council of Ministers was authorized by the Council of Ministers to reorganize the State Investment Bank on credit, insurance and guarantee issues with the Law No. 3332 published in the repeated Official Gazette dated 31 March 1987.

The Council of Ministers on August 21, 1987, Decision No. 87/11914 published in the Official Gazette “State Investment Bank, the Export Credit Bank of Turkey has determined the principles of reorganization.

The Articles of Association of the Bank dated September 11, 1987, Turkey has been published in the Journal of Commerce. In the Articles of Association, the Bank’s short name is Türk Eximbank.

The Bank maintained its activities in 1987 in two ways. While the project evaluation and financing activities, which are the field of expertise of the DYB, continue, Türk Eximbank, on the other hand, has established the infrastructure necessary for the fulfillment of the new duties undertaken. As a result of these developments, Türk Eximbank will start its activities in 1988 in line with the requirements of the economic policies to be followed in accordance with its new mission.

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Are you an exporter based in Turkey?

See our TFG Turkey Export guide here .

Explore Export Credit Agencies around the world with our ECA finder

Key Stats

Name:

Export Credit Bank of Turkey (Türk Eximbank)

Country:

TURKEY

CEO:

Murat Zaman (Chairman)

Founded:

1980

Employees:

600

Government:

Government backing this type of ECA

Company Number:

845 859

Address:

Saray Mah. Ahmet Tevfik Ileri Cad. No: 19 34768 Ümraniye / ISTANBUL

About the Author

Deepesh Patel is Editorial Director at Trade Finance Global (TFG). In this role, Deepesh leads efforts in developing TFG’s brand, relationships and strategic direction in key markets, including the UK, US, Singapore, Dubai and Hong Kong.

Deepesh regularly chairs and speaks at international industry events with the WTO, BCR, Excred, TXF, The Economist and Reuters, as well as industry associations including ICC, FCI, ITFA and BAFT.

Deepesh is the host of the ‘Trade Finance Talks’ podcast and ‘Trade Finance Talks TV’. He is co-author of ‘Blockchain for Trade: A Reality Check’ with the ICC and the WTO, alongside other industry research.

In addition to his work at TFG, Deepesh is a Strategic Advisor for WOA, and works closely with ITFA. He also sits on the Fintech Working Group of the Standardised Trust.

Prior to TFG, Deepesh worked at Travelex where he was responsible for the cards business and the Travelex Money app in Europe, NAM, UK and Brazil. Deepesh is Chair of Governors and co-opted LA Governor of the Wyvern Federation, which has responsibility for 5 primary schools in South London.

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