Türkiye’s export credit score financial institution, Türk Eximbank, offered about $7.8 billion in financing final 12 months, together with $3.6 billion in sustainability-related supranational funds, the lender’s CEO Ali Güney stated on Tuesday.
The financial institution labored with the World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank to assist exporters’ inexperienced transformation efforts and supply them favorable financing situations with a complete of $1.5 billion final 12 months and a most maturity of 10 years, Güney instructed Anadolu Agency (AA).
“We intention to help our exporters in lowering their carbon emissions by way of supporting their investments in renewable vitality efforts,” he stated.
Güney stated the Turkish banking sector performed a key function within the nation’s normalization efforts final 12 months as Turkish lira deposits rose amongst complete deposits and international foreign money deposits fell as a result of tight financial coverage.
“These developments made FX deposits extra enticing amongst different industrial loans for exporters,” he stated.
The financial institution prioritizes strategic, high-value-added sectors and small- and medium-sized enterprises (SMEs), he added.
Türk Eximbank offered assist by producing different options for exporters in accessing financing in 2024, and the goal of $24 billion in credit score loans was reached by the tip of the 12 months, stated Güney.
He highlighted that the financial institution financed non-SME exporters with lira loans, making up 44% of the full financing final 12 months. He famous that the financial institution reached $25 billion in receivables insurance coverage quantity, and the ratio of SMEs in exporters receiving financing totaled 84%.
He famous that the financial institution noticed its highest annual financing quantity at $49 billion over the identical interval.
“We are supporting Turkish exporters and contractors to appreciate extra tasks and do extra exports, making a aggressive benefit within the worldwide markets,” he stated.
Güney said that they offered $1 billion of interest-free financing to assist some 1,200 exporters in 2022-2024 and that the financial institution goals to extend interest-free financing alternatives sooner or later.
As for 2025, the chief government highlighted that medium-high and high-tech exporters, international exchange-earning service sectors, and SME exporters are among the many financial institution’s priorities.
Source: www.dailysabah.com