Annual Report 2020

Corporate Profile

Export Credit Bank of Turkey (Turk Eximbank) is the only official export credit agency in Turkey.

Turk Eximbank is the official export credit agency in Turkey, and combines credit, insurance and guarantee services under a single roof.

under a single roof

For more than 30 years, Turk Eximbank has been accompanying exporters and contractors in their journeys, supporting the creation of a more competitive, productive and profitable export portfolio, and contributing to the generation of stable FC income by encouraging penetration into new markets. Classified as a Development and Investment Bank, Turk Eximbank is the official export credit agency in Turkey, and combines credit, insurance and guarantee services under a single roof.

In addition to domestic and international credit (buyer) programs, the Bank provides cash and non-cash financing to exporters through insurance and guarantee programs. Domestic credits are offered to exporters, available in short-, medium- and long-term options for fulfilment of pre- or post-shipment needs for the exports of goods and services. Lending is made also through commercial banks and other finance companies, as well as credit programs directly extended by the Bank. Program requirements of pre-shipment export credit include export commitment liability, whereas under the post-shipment credit, exporters can have their credit sales discounted to make use of the Bank’s financing facilities. Short Term Export Credit Insurance insures short- and medium-term receivables arising from commodity and service exports against commercial and/or political risks. The Bank also provides insurance cover for short-term receivables arising from the domestic operations of exporters and group companies with the Domestic Receivables Insurance. Today the Bank insures exports to 238 countries with its insurance programs.

Turk Eximbank offers service with 20 branches and 11 liaison offices. Headquartered in İstanbul (Asian Side), the Bank has 20 units covering Central Anatolia, Marmara and Aegean Regional Directorates and Merkez, Çorlu, İstanbul Odakule, Maltepe, Gebze, Bursa, İstanbul European Side, Ankara, Gaziantep, Trabzon, Kayseri, Konya, İskenderun, Eskişehir, Adana, İzmir, Antalya, Manisa, Denizli and Mersin branches, and 11 liaison offices in Samsun, Aegean Region Chamber of Industry, Aegean Exporters’ Associations, İzmir Kemalpaşa Organized Industry Zone, Aydın, Erzurum, Kahramanmaraş, Hatay, Sakarya, İstanbul Asian Side Organized Industrial Site and İnegöl.

Out of 711 employees on Turk Eximbank’s payroll, 7 hold PhD, 345 master’s degrees, 257 bachelor’s degrees, 25 associate degrees and 255 of them are proficient in at least one foreign language.