Turk Eximbank is a state-owned bank established in 1987, functioning as a crucial export incentive instrument within Turkey's sustainable export strategy. As the official export credit agency of Turkey, Turk Eximbank aims to support foreign trade and Turkish contractors/investors operating overseas. Its primary objectives include diversifying exported goods and services, increasing the share of Turkish exporters in international trade, exploring new markets, and enhancing exporter and contractor competitiveness.
Unlike many developed countries' export credit agencies, Turk Eximbank takes a unique approach by engaging in direct lending activities alongside implementing insurance and guarantee schemes within the same institution. This distinctive approach sets Turk Eximbank apart from other ECAs globally, demonstrating its commitment to offering specialized financial services through various credit, insurance, and guarantee programs.
The recent investment of €1.00B Debt Financing on 07 May 2024 from prestigious investors including Deutsche Bank, BNP Paribas, ING Bank, and Standard Chartered Bank not only signifies confidence in Turk Eximbank's capabilities but also highlights the positive trajectory of its growth and impact in the Finance, Financial Services, and Banking sectors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | €1.00B | 4 |
|
07 May 2024 |
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