Financed ProjectsTurk Eximbank

Identification Code:

OP/24/0028

Total Operation Cost:

45.000.000

Maturity:

24 months

Operation Status:

Description and Purpose of the Operation:

Turk Eximbank

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

3rd Trade Finance Loan Facility to Türk Eximbank, TR

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The operation involves a Trade Finance facility (export) to Türk Eximbank - owned by the government. The proceeds are to be used for the on-lent operation to exporting sub-borrowers in line with Türk Eximbank’s mandate. There are no explicit guarantees that proceeds will the used to contribute to regional cooperation. However, given that almost 10% of total exports from Türkiye are to BSTDB member countries and given the strong presence of Türkiye contractors in the region, there is a high likelihood that operation will have a contribution to the regional cooperation.

Environmental Classification and Impact (summary):

Türk Eximbank has developed a comprehensive environmental and social (E&S) management system and has fully integrated it into the export credit portfolio management. The system is based on existing best practices applied in credit export transactions and the general E&S due diligence approach in financing, including of those developed by OECD, IFC, WB and UN specific E&S principles and standards.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org