Eximbank aims to finance 27 pct of Turkey’s total exports: CEO
Turk Eximbank aims to finance 27 percent of Turkey’s total exports next year, the bank’s CEO said on Dec. 27.
“We supported 25 percent of the total exports in 2017. By the end of 2018, we will have increased this to 26 percent,” Adnan Yıldırım told state-run Anadolu Agency.
Yıldırım added that the bank targeted export financing support to grow 10 percent in 2019 to reach $48.4 billion.
“We will achieve our target by financing more small- and medium-sized enterprises (SMEs) without raising costs,” Yıldırım said.
Stating that last year the number of exporters Turk Eximbank supported was 7,700, Yıldırım said: “This year the number topped 11,000.”
Yıldırım said the U.S. decision to withdraw its forces from Syria would benefit Turkey’s exports, especially in the construction sector.
“After a permanent cease-fire and a constitutional referendum and a general election, Syria’s rebuilding will start,” he added.
Since its foundation in 1987, Turk Eximbank has been conducting export credit, buyer credit, credit insurance and guarantee programs aimed at developing economic and political relations between Turkey and other countries.