Türk Eximbank Targets $59 Billion in Export Support: New Era in Financing

Turkey's largest export credit and receivables insurance provider, Türk Eximbank, has announced a $59 billion support target for its 39th anniversary. The institution, founded in 1987 with a capital of 500,000 lira, now boasts 202 billion lira in its own resources.

Export Credit and Insurance Support: From 1989 to Today

■The bank provided $7.8 million in support in 1989 and $5.6 billion in 2001, now targeting $59 billion this year.

■Export volume, which was $46.4 billion 25 years ago, has risen to $401 billion today.

■SMEs account for 83% of the customer base, while 47% of the export credits are for high and medium-high technology products.

Branch and Contact Network: Covering 90% of Total Exports

■The network, which had 2 branches in 2001, now includes 3 regional directorates, 25 branches, and 7 liaison offices.

■The 20,000+ customer base is dominated by SMEs, highlighting 83%.

Innovative Financing Tools and International Collaboration

■Participation-Based Receivables Insurance is securing the receivables of exporters.

■Participation banking activities include murabaha, eser, icare, and isticrar financing.

■International collaborations have strengthened green transition and supplier financing, enhancing funding opportunities.

Markets are assessing this support program, particularly the role of SMEs in exports, as a boost to Turkey's competitiveness in global trade. Türk Eximbank's 39-year-old 'Century of Trade' vision will continue to drive these targets forward.