Newsletters
Türkiye’s official export credit agency, Turk Eximbank, has signed the largest syndicated loan agreement in its history, securing $1 billion in new funding to support small and medium-sized enterprises (SMEs), with a focus on women entrepreneurs and green product exporters.
According to a statement filed Thursday with the Turkish Public Disclosure Platform, the deal was coordinated by Japan-based MUFG Bank, UAE-based Abu Dhabi Commercial Bank, and ICBC Türkiye, while MUFG Bank and Sumitomo Mitsui Banking Corporation acted as sustainability coordinators.
The syndicated facility was renewed at 145% of the previous transaction, drawing interest from 33 international financial institutions, including nine new participants from Europe, the Far East, and the Gulf.
The financing was structured in three currencies—€499.5 million, $246 million, and 1.34 billion Chinese yuan—across maturities of one, two, and three years.
Notably, the deal includes a three-year tranche for the first time in nine years, signaling renewed confidence among international lenders.
Turk Eximbank General Manager Ali Guney described the deal as a major success not only for its scale but also for its structure. He noted that the cost of borrowing fell by 90 basis points compared to 2024’s syndicated loan, offering more competitive conditions for exporters.
“This transaction is a notable achievement not only due to its record size but also because of the flexible structure provided through three different currencies. The inclusion of a three-year maturity tranche after nine years is especially significant,” Guney stated.
Trade Minister Omer Bolat also praised the loan in his post on X, congratulating Türk Eximbank on achieving the largest syndication in its history.
He emphasized the strategic value of directing the funds toward women entrepreneurs and exporters of green products, noting: “The allocation of this vital resource to finance our women-led SMEs and those exporting green products is of particular importance to us.”
Bolat added that since the beginning of 2025, Türkiye has secured $3.9 billion in international financing, which continues to be channeled effectively to meet exporters' needs.
Founded on Aug. 21, 1987, Turk Eximbank—also known as the Export Credit Bank of Türkiye—functions as the country’s key state institution for promoting exports through financing tools.
1 min read
