"Full Support to Export Credit Package" is at the Service of Exporters with Alternative Options
With the implementation, export companies will be able to benefit from cost-effective export credits up to 5 million dollars or 150 million liras.
With the protocol signed between Türkiye Exporters Assembly (TİM) and Ziraat Bank, a new credit package for exporters, one of the main drivers of the Turkish economy, has been put into effect. Under the "Full Support to Export Credit Package", export companies will be able to benefit from cost-effective export credits up to a maximum of 5 million dollars or 150 million liras.
“It is vital that our companies have access to financing on favorable terms.”
Speaking about the "Full Support to Export Credit Package" protocol between Türkiye Exporters Assembly (TİM) and Ziraat Bank, Mustafa Gültepe, Chairman of TİM, recalled that their goal for the second century of the Republic is to make Türkiye one of the top 10 countries in exports. He added that they foresee $375 billion in goods and $200 billion in service exports by 2028 and continued as follows:
“To achieve our goals, we must produce more and add value through high technology, design, and innovation. Access to favorable financing is vital for these efforts. Five months ago, we signed a protocol with 11 public and private banks, including Ziraat Bank, to offer cost-effective credit facilities of approximately 2 billion dollars to over five thousand exporters. This time, we are once again providing a significant financing package for our exporters in partnership with Ziraat Bank. I would like to express my gratitude to Ziraat Bank's General Manager, Alpaslan Çakar, for the 'Full Support to Export Credit Package'. I hope this package will bring prosperity to our export community.”
“Our goal is to contribute to the export-led growth of our country.”
In his speech, Alpaslan Çakar, General Manager of Ziraat Bank, stated that with the protocol they signed with TİM, they continue to provide uninterrupted support to exporters, one of the most fundamental dynamics of Turkey. Çakar recalled that on August 28, 2023, they provided more than 1 billion USD of financial support to more than 4000 export companies with the Export Credit Package protocol, including Ziraat Bank, and said the following:
“Today, we are launching our 'Full Support to Export Credit Package' to meet the financing needs of our exporters. This loan package aims to facilitate the competition of our exporters with the world and contribute to the investment, production, employment, and export-oriented growth of our country. As Ziraat Bank, we will continue to support our exporters in the future.”
Installment Loan Maturity of 24 Months
Association member companies will be able to choose one of the revolving or installment loan options in line with their preferences. In the revolving credit option, the maturity is 12 months, and if the export costs are directed to Ziraat Bank up to the minimum amount of each disbursement within the limit and the resulting export commitment amount, the total maturity can be renewed a maximum of 2 times without exceeding 36 months.
For the installment loan option, the maximum maturity period will be 24 months. Within the scope of the package, only installment loans can be extended with Credit Guarantee Fund.