Turk Eximbank provides $33.6B financing for exporters so far in 2023

By Tuba Ongun

ANKARA (AA) – Turk Eximbank has provided financing – both loans and insurance – worth of $33.6 billion for exporters so far this year, the Turkish trade minister said on Monday.

"Turk Eximbank, Türkiye's largest export credit and credit insurance institution, provided a total of $33.6 billion support to our exporters as of the end of October 2023, including $15.1 billion of loan and $18.5 billion of insurance and guarantee," Omer Bolat wrote on the social media platform X after a visit to the bank.

The meeting with Eximbank General Manager Ali Guney and his team addressed projects to ensure that the institution's supports will further grow, Bolat added.

Since Turk Eximbank was founded in 1987, it conducts international credit, guarantee, and credit insurance programs aimed at developing economic and political relations between Türkiye and other countries.