ISTANBUL — Türkiye’s official export credit agency, Türk Eximbank, has secured €100 million in long-term financing through a consortium of international banks, in cooperation with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
According to official statements, the financing agreement carries a 10-year maturity and is structured under ICIEC insurance, marking a significant step in diversifying Türkiye’s external funding sources.
Supporting Exporters and Industrial Growth
The funds will be used to support Turkish exporters’ working capital and investment needs, with a focus on:
- Increasing production capacity
- Expanding access to new international markets
- Strengthening integration into global value chains
Officials emphasized that the financing is designed not only to provide liquidity but also to enhance long-term competitiveness of Turkish exporters in global markets.
Total Financing Surpasses €500 Million
With this latest transaction, Türk Eximbank’s total long-term financing secured under ICIEC-backed structures has exceeded €500 million, reflecting sustained international confidence in Türkiye’s export-driven growth strategy.
The financing is also compliant with participation (Islamic) finance principles, contributing to greater financial diversification and enabling access for a broader range of global investors.
Executive Commentary
Türk Eximbank CEO Ali Güney stated that modern global trade increasingly depends on the structure and diversity of financing tools, not just the movement of goods and services.
He emphasized that sustainable export growth is closely tied to access to long-term, cost-effective, and diversified financing sources, adding that the bank will continue expanding international partnerships to support exporters.
Outlook
The deal highlights Türkiye’s ongoing efforts to strengthen export financing infrastructure and deepen integration with international financial markets.
As global trade conditions remain challenging, Türk Eximbank is expected to pursue further collaborations with international institutions to support exporters and sustain economic growth.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök