Established in 1987 as Türkiye’s official export credit agency, Türk Eximbank advanced its strategic approach in 2025 in line with its goal of maximizing its contribution to the Turkish economy. The Bank has adopted as a strategic priority the sectors that will permanently and sustainably strengthen Türkiye’s export capacity and the export of high-technology products. By going beyond providing financing, Türk Eximbank has reinforced its position as a strategic solutions partner that guides exporters in global markets and creates value.

As of year-end 2025, the Bank provided a total of USD 54.2 billion in resources to support exports. Of this amount, USD 26.77 billion was in loan support, of which USD 7.3 billion were medium- and long-term. In addition, term receivables amounting to USD 27.47 billion were placed under insurance and guarantee coverage, establishing a secure trade environment for exporters.

The number of exporting companies benefiting from loan support reached 14,086, while the number of insured exporters reached 7,706. In line with these developments, the total number of unique exporting companies supported by the Bank reached 18,429, a 3.3% increase compared to the previous year, with SMEs constituting 83.4% of these companies.

Overview of 2025 Activities…

To support our exporters in international competition and contribute to increasing the export of goods and services from our country, Türk Eximbank provided a total of USD 54.2 billion in support to our country’s exports in 2025, consisting of USD 26.77 billion in loans and USD 27.47 billion in insurance and guarantees.

A total of USD 16.2 billion in Rediscount Credits was disbursed under the Pre-Shipment and Post-Shipment Rediscount Credits, and the share of Rediscount Credits in the Bank’s total loan volume was 60.5%.

Under the Buyer’s Credit Programs, a total of USD 27.9 million in loans was disbursed in 2025. In line with the target country strategy for exports determined by the Ministry of Trade of the Republic of Türkiye, buyer’s credit limits totaling USD 969 million were allocated to 36 banks in 34 countries, and foreign trade limits totaling USD 500 million were allocated to 76 banks in 44 countries.

Throughout the year, shipments totaling USD 27.29 billion were covered by insurance under the Receivables Insurance Programs, and support of USD 180.74 million was provided under reinsurance/guarantee transactions.

Capital Increase Supporting Sustainable Growth...

To support the Bank’s sustainable growth and the increasing need for export financing, its capital structure was significantly strengthened in 2025. In this context, the paid-in capital of TL 55.3 billion was increased by TL 33.1 billion, entirely from internal resources to TL 88.4 billion. This capital increase came into effect after being announced in the Turkish Trade Registry Gazette dated October 14, 2025, and numbered 11436.

Strong Funding Infrastructure Supporting Exports…

Thanks to strategic resources obtained from international financial institutions and capital markets, the Bank’s long-term and cost-effective funding capacity was significantly strengthened in 2025. This solid financial structure has enabled support for exports not only to meet short-term needs but also from a sustainable, long-term perspective.

In this framework, Türk Eximbank secured USD 8.7 billion in funds from international markets in 2025 and diversified its funding structure with USD 1.7 billion in resources provided through treasury transactions such as repo, TRS, borrowing, and swaps. Including the USD 12.2 billion CBRT rediscount facility, along with TL resources, the Bank’s total funding stock reached USD 26 billion.

Financing Practices Supporting Green Transformation…

Financing practices that support environmental and social sustainability were among the Bank’s primary focus areas in 2025. In this framework, efforts to finance high value-added exports compatible with the green transformation gained momentum.

In line with this approach, approximately USD 2 billion in sustainability-related funds were secured in 2025. The resources provided were used to finance renewable energy investments, energy and water efficiency projects, green investments, and exporters’ reconstruction investments in the earthquake zone. The Bank aims to continue its strategic approach in this area and support the financing of sustainability-focused investments in 2026.

SME-Focused Financing and Inclusive Growth...

Türk Eximbank, adopting the broadening of export support’s reach as one of its strategic priorities, focused on strengthening SMEs’ access to finance in 2025. In this context, lending practices prioritized SMEs, and TL-denominated loans were primarily used to finance them.

In this context, a total of USD 6.7 billion in support was provided to exporting SMEs, bringing the share of SMEs in the total loan support for 2025 to 25%. Furthermore, the fact that 83.4% of the companies supported by the Bank consist of SMEs has demonstrated the practical application of this approach.

Increasing Product Diversity with Participation Finance...

To respond to the changing financing needs of exporters, Türk Eximbank increased its product diversity by launching the Export Support Financing, Export Support Financing through Participation Banks, Eser (Istisna)/Isticrar Financing, and Ijarah Financing programs. In this context, the Bank expanded its product range to meet the growing demand for financing solutions compliant with participation principles and broadened its activities in this area.

As a result of the efforts, the financing volume provided through participation-based products increased to USD 1.2 billion. Thanks to the export support financing products offered either directly or through participation banks, exporters with interest rate sensitivity gained access to CBRT-sourced financing in compliance with participation principles for the first time. This both strengthened the contribution of participation finance to the real sector and created an alternative and inclusive financing structure for exporters.

Priority Financing Opportunities for Women Entrepreneurs...

The Bank continues its strategic collaborations in line with the goals of broadening the export base and strengthening gender equality in economic life. In this context, concrete steps have been taken through the “Supporting Women in Export Project,” implemented under the TİM WINGS umbrella in collaboration with Türk Eximbank, İGE, and the Turkish Standards Institution (TSI). The project aimed to strengthen the position of women entrepreneurs within the export ecosystem and to facilitate their access to finance by ensuring that exporting companies entitled to the Women Entrepreneur Certificate can benefit, on a priority basis and at preferential interest rates, from the Bank’s existing financing programs.

Strengthening the Product and Distribution Structure in Receivables Insurance...

In 2025, the product structures within the receivables insurance programs were developed in line with the changing needs of exporters and market conditions; Service-Added, Turnover-Based and Participation-Based Domestic Receivables Insurance applications were launched. In this framework, the scope of collateral was expanded, participation-based models were offered for companies with interest rate sensitivity, and receivables arising from domestic sales of goods and services were insured in line with different business models. Additionally, collaborations with participation banks were strengthened, distribution channels were diversified, and processes were modernized, thereby increasing the accessibility and effectiveness of the applications.

Strengthening the International Cooperation Network...

In 2025, Türk Eximbank continued to enhance its cooperative relationships with multilateral financial institutions and the official export credit agencies of various countries. The Bank has strengthened its global position through international agreements that incorporate various strategic cooperation mechanisms, while resolutely continuing its efforts to implement new agreements aimed at increasing its effectiveness within the international financial ecosystem.

Disclosures on Türk Eximbank’s Balance Sheet and Income Statement Items

As of December 31, 2025, Türk Eximbank’s balance sheet size is TL 1,291.5 billion (USD 30.1 billion).

87% of Türk Eximbank’s assets are loans, 4% are liquid assets, 1% are financial assets measured at amortized cost, and 8% are derivative financial assets and other assets.

The balance of loans extended by the Bank amounted to TL 1,125.2 billion. Loans increased by 48% compared to the previous year-end. Of total loans, 51.6% (TL 580.9 billion) are short-term, and 48.3% (TL 543.1 billion) are medium- and long-term.

While a significant portion of the Bank’s resources is provided as loans to the export sector, the total amount of Non-Performing Loans (NPLs) is TL 1.2 billion, and the NPL ratio is 0.1%, which is well below the sector average.

Through effective risk assessment methods, Türk Eximbank makes intensive efforts to ensure the timely and full collection of its receivables.

Türk Eximbank’s total liabilities and equity amounted to TL 1,291.5 billion. Of this total, 11.5% (TL 148.7 billion) is represented by equity, 87.6% (TL 1,131.5 billion) by liabilities, and 0.9% (TL 11.3 billion) by provisions and other items.

Of the TL 148.7 billion in equity, 59.4% (TL 88.4 billion) is paid-in capital, 3.3% (TL 4.9 billion) is profit reserves and other items, 36.7% (TL 54.6 billion) is net profit for the period, and 0.6% (TL 0.8 billion) is prior years’ profit.

The TL 1,123.7 billion in funds borrowed used to finance assets consists of TL 524.6 billion in loans from the Central Bank of the Republic of Türkiye (CBRT), TL 369.7 billion in loans from domestic and foreign banks and borrowings from money markets, TL 226.4 billion in securities issued, and TL 3 billion in subordinated debt instruments.

At its General Assembly on June 5, 2024, Türk Eximbank increased its registered capital ceiling to TL 120 billion. As of December 31, 2025, the Bank’s paid-in capital is TL 88.4 billion.

The fact that Türk Eximbank’s balance sheet is predominantly loan-based also has an impact on its income. The Bank’s total interest income is TL 162.1 billion, of which TL 141.5 billion, accounting for 87.3%, is interest income from loans.

On the other hand, as the Bank raises funds through borrowings from domestic and international money and capital markets, and through the issuance of bonds, its interest expense is TL 108.7 billion. Of this amount, TL 93.6 billion, or 86.1%, is interest paid on loans obtained domestically and internationally, and TL 13.7 billion, or 12.6%, is interest paid on issued securities.

The Bank’s net profit for the accounting period ending December 31, 2025, was TL 54.6 billion. Consequently, the Bank’s return on assets (ROA) was 5.02%, and its return on equity (ROE) was 58.39%.

The Bank conducts its activities in compliance with the applicable legislation and the provisions of its Articles of Association. We respectfully submit our summary report for the accounting period ending December 31, 2025.

	Osman ÇELİK Chairman
Özgür Volkan AĞAR Vice Chairman	Ali GÜNEY Member	Nail OLPAK Member
Mustafa GÜLTEPE Member	D. Bahar ÖZGÜN YILMAZ Member	Şeyh Mehmet BOZ Member