Turk Eximbank's support reaches over $30B in Jan-Sept

Head of bank says total amount of export support expected to reach $43-44B by end of year

By Elif Ferhan Yesilyurt and Jeyhun Aliyev

ISTANBUL (AA) - Turk Eximbank provided worth of more than $30 billion of export support in the first nine months of 2018, according to the bank's head on Thursday.

Speaking to Anadolu Agency's Finance Desk, Adnan Yildirim said the total amount of export support is expected to reach $43-44 billion by the year's end.

The bank's target was to support Turkey's exports with $46 billion this year, up 17 percent from 2017.

"We were working with 7,700 exporters before 2017. This number will reach to 10,600 by November 8," Yildirim added.

Since Turk Eximbank was founded in 1987, it conducts export credit, buyer credit, credit insurance and guarantee programs aimed at developing economic and political relations between Turkey and other countries.

Kaynak:

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