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ICBC Turkey provides EUR 300 million loan to Turk Eximbank for on-lending purposes in March 2022
| Funder | ICBC Turkey Bank A.Ş. |
|---|---|
| Recipient Organization | Export Credit Bank of Turkey (Turk Eximbank) |
| Country | Turkey |
| Start Date | Mar 01, 2022 |
| End Date | May 14, 2026 |
| Duration | 1,535 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105534 |
Grant Description
ICBC Turkey provides EUR 300 million loan to Turk Eximbank for on-lending purposes in March 2022 In March 2022, ICBC Turkey signed an EUR 300 million loan agreement with the Export Credit Bank of Turkey (T.İhracat Kredi Bankası, Türk Eximbank) for on-lending purposes.
Staff Comments
1. Export Credit Bank of Turkey (Türk Eximbank), which was established in 1987, is the official export credit agency in Turkey. It is a fully state-owned bank acting as the Turkish government’s major export incentive vehicle in Turkey’s sustainable export strategy. As Turkey’s official export credit agency, Türk Eximbank has been mandated to support foreign trade and Turkish contractors/investors operating overseas.”
Sources & References
- TR PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS AND RELATED DISCLOSURES 31 MARCH 2022
- TR Faaliyet Raporlari 2022 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Export Credit Bank of Turkey (Turk Eximbank)
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