Turkish Eximbank

Turkish Eximbank, which was established in 1987, is also one of the largest banks in Turkey. It's considered the go-to bank for import credit. For this reason, it's occasionally appertained to as the Export Credit Bank of Turkey. This bank is a completely state-possessed bank acting as Turkey’s sanctioned import credit agency to finance foreign trade and Turkish contractors and investors operating overseas.

Turkish Eximbank is assigned with the accreditation of perfecting exportation in the country. originally, the bank had its headquarters in Ankara. After careful consideration, a decision was made to shift it to Ümraniye. Doing this brought the entire banking installations closer to exportation companies. Nevertheless, the bank still has indigenous services in Izmir, Ankara, and Istanbul. Turkish Eximbank is the 9th largest bank in Turkey in terms of total assets. In 2021 its total assets were 322,38 bln TRY, providing the bank with the market share of 3.80%. In 2021 the bank's net income was 3 106,52 mln TRY.

Turkish Eximbank aims to contribute to the monitoring of balanced, healthy, and internationally competitive export policies. Since the creation of the Turkish Eximbank, the exportation of goods out of Turkey has come easier. In addition, numerous businesses have diversified into the business of exportation. In turn, this development has bettered the Turkish frugality.

Founded: 1987

Headquarters: Istanbul, Turkey

Website: https://eximbank.gov.tr/en