EximBank

Turkish, Swedish export agencies ink reassurance deal

The export credit agencies of Sweden and Turkey inked an agreement to provide insurance for firms which jointly undertake projects in third countries, Turk Eximbank said on May 17.

"Negotiations regarding the deal between Turk Eximbank and the Swedish Export Credit Agency (EKN) has been completed and entered into force," the statement read.

Turk Eximbank aims to provide $50 bln financing for exporters

Turk Eximbank aims to increase its export support by 11% year-on-year to over $50 billion in 2021, the Turkish trade minister said on Feb. 5. 

Speaking at Turk Eximbank 2020 Operating Results and 2021 Targets Meeting, Ruhsar Pekcan said the bank's export support rate is projected to rise to 27.7% this year.