Turk Eximbank is a fully state-owned bank acting as the Turkish government’s major export incentive instrument in Turkey’s sustainable export strategy. As Turkey’s official export credit agency, Turk Eximbank has been mandated to support foreign trade and Turkish contractors/investors operating overseas.

Turk Eximbank’s main objectives are promoting Turkey’s exports through diversification of exported goods and services by increasing the share of Turkish exporters in international trade, finding new markets for traditional and non-traditional export goods and providing exporters and overseas contractors with support to increase their competitiveness and to ensure a risk-free environment in international markets.

✓ Credit Insurance: Türk Eximbank provides cover for Turkish exporters, against commercial and political risks by offering variety of insurance programs.

Like most of other officially supported export credit agencies, only political risks are considered under the guarantee of the state, whereas losses due to commercial risks are indemnified by Türk Eximbank from its own sources.

Insurance programs of Türk Eximbank are composed of two schemes: short-term export credit insurance; and medium-long term export credit insurance. These programs can be outlined as follows: 

Export Credit Insurance Scheme:

a.       Short-Term Whole Turnover Export Credit Insurance Program

b.      Medium- and Long-Term Export Credit Insurance Scheme

✓ Financing: Türk Eximbank supports exporters, export-oriented manufacturers, overseas investors and companies engaged in foreign currency earning services with short, medium-long term cash and non-cash credit programs. Moreover, export receivables are discounted in order to increase export volume and to ease access into new and target markets through the promotion of sales on deferred payment conditions.

✓ International Loans: The objective is to support Turkish exporters/contractors by providing finance to the export of durable & non durable consumer goods with up to 2 years and capital goods & projects with up to 10 years of maturity.

Facilities under the Scheme:

1) International Project Loans

    a) Loans

    b) Guarantee

2) International Trade Finance

    a) Export Receivables Discount Program

    b) Buyers' Credit Through Foreign Banks 

    c) Buyers' Credit Through Foreign States

    d) Buyers' Credit Through Domestic Banks 

Founded: 1987