Turkish Eximbank, which supports companies engaged in foreign exchange-earning service activities and exports through its implemented programs, organized an Export Support Information Meeting hosted by the OSTİM Organized Industrial Zone Directorate. At the meeting, which was attended by companies from the region, Ankara Regional Manager Funda Baydar explained export support programs and financing models.
Funda Baydar explained that they provide financing through 30 different programs for companies engaged in export and foreign exchange-earning service activities, stating that their main activity is domestic loans. Emphasizing that they apply the same interest rate for every company, Baydar noted that they provided letter of guarantee support until 2017, but the Credit Guarantee Fund defined limits for each bank in 2017, and Türk Eximbank provided support within these limits.
The Regional Manager stated that they require KGF (Credit Guarantee Fund) guarantees and mortgages from companies wishing to benefit from Turkish Eximbank loans, and provided the information that the interest rate is 18.2 percent in all programs.
90% of Export Value Guaranteed
Selin Çalışkan from the marketing unit of Türk Eximbank Ankara Regional Directorate also provided information about Credit Insurance. Emphasizing that Credit Insurance ensures the payment of invoices for companies, Çalışkan pointed out that it enables the reliable management of commercial policy risks arising from commercial activities.
Çalışkan stated that the Credit Insurance program enables companies to work with their exporters of goods and services abroad on a long-term basis, emphasizing that the program helps companies gain a competitive advantage in international markets.
Selin Çalışkan explained that under the Accounts Receivable Insurance program, they can cover 90% of the amount owed if export payments become due but are not paid.
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