Turkish Eximbank Offers Rediscount Credit Support for Exporters

Türk Eximbank, exporters is providing rediscount credit under its export support programme. Türk Eximbank is offering TL rediscount credit facilities to exporters for paying employee wages, payments to public institutions, rent payments and payment items to their suppliers. Credits have been set at a limit of TRY 25 million for SMEs and TRY 50 million for non-SME companies. The maturity of the credits will be 360 days. The interest rate for credits to be provided with Transferable Definite Letter of Credit and Aval bond collateral has been set at 9%. Credit utilization under KGF and PGS is also planned to commence in the coming days. Applications can be made by contacting Türk Eximbank branches.