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Turkish home appliance manufacturer Beko has signed a €125 million ($141.97 million), 10-year financing agreement with Italy’s export credit agency, SACE, which operates under the Italian Ministry of Economy and Finance.
According to the company, the financing was arranged through BNP Paribas and Deutsche Bank. The deal aims to strengthen Beko’s capital structure, support its long-term growth strategy, and enhance cooperation opportunities with Italian suppliers.
The agreement was signed during the Türkiye-Italy Business Forum held in Rome on April 29, with attendees including Fatih Kemal Ebiclioglu, President of Koc Holding’s Consumer Durables Group; Baris Alparslan, Beko’s Deputy General Manager of Finance and Financial Affairs; and Alessandra Ricci, CEO of SACE.
Speaking at the ceremony, Ebiclioglu said the financing would contribute to Beko’s growth strategy, highlighting that Koc Group continues to create value across 61 countries with 132 production and sales entities.
He emphasized the significance of the agreement as a reflection of international confidence in both Türkiye and Beko.
“We are proud that Beko has become one of Europe’s leading home technology companies,” he said.
“Beyond strengthening our financial position, this deal paves the way for broader economic partnerships and long-term collaborations.”
Alparslan added that sustainable financing is key to maintaining a strong balance sheet. “This agreement enhances our financial flexibility and improves the structure of our liabilities,” he said.
“It also demonstrates the confidence international financial institutions have in our long-term vision.”
SACE CEO Ricci expressed pride in partnering with Beko, describing the company as a strategic industrial leader. She noted the agreement is a successful example of SACE’s “Push Strategy,” which helps Italian firms tap into global value chains and international business opportunities.
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