ABOUT US
Since 1987 Owned by the Turkish Treasury Sole official export credit agency of Turkey Various credit, guarantee and insurance programs
Focus on International Co-operation
Financial solutions for large corporations, SMEs, foreign governments and companies
2 İstanbul Head Office Samsun Trabzon BankamızEuropean Misyonu Side Office Bankamız Ankara Faaliyetleri 1987 yılındaRegional Özsermaye Kredi Bursa kurulmuştur.Directorate Faaliyetlerimiz Sigorta Faaliyetlerimiz Kayseri UluslararasıAgean Krediler Regional Denizli Konya Directorate Adana Gaziantep
9 Liaison Offices in different parts of Turkey.
3 Contribution to Turkish Exports Billion $ 35 %25 %19,7 %20,4 30 %18,5 %20 25 11,0 9,9 %14,5 8,4 %15 20 6,9
15 %9,1 %9,2 %10 %7,8 %7,1 10 5,8 19,7 20,1 20,5 15,1 5,1 4,5 5,0 %5 5 6,7 4,3 4,8 3,9 - %0 2008 2009 2010 2011 2012 2013 2014 2015*
* projection Credits Insurance Share in Turkish Export (right axis) Total In 2014 USD 31.1 billions Support First 10 months 2015 USD 25.4 billions 4 Facilities
Domestic International Insurance Credits Loans
5 Domestic Credits
Credit Programs Short Term Medium –Long for Foreign Credits Term Credits Currency Earning Services
6 Client profile
The leading exporters of Turkey The SMEs which has export potential International contracting companies
Travel and tourism agencies Information Technology companies
7 Facilities
Domestic International Insurance Credits Loans
8 INSURANCE PROGRAMS
Short Term M/L Term Domestic Credit Export Credit Export Credit Insurance Insurance Insurance
9 Short Term Export Credit Insurance
Initiated in 1989
Provides commercial and political risk cover
Whole turnover policy
Coverage: 90% in principle
Maturity: up to 360 days
10 EXPORT CREDIT INSURANCE ACTIVITIES
Overall Activities (2014) Covered Business USD 11 billion Number of policyholders 2,062 Number of active buyers 60,866
11 Facilities
Domestic International Insurance Credits Loans
12 INTERNATIONAL LOANS At a Glance…
Buyer’s Credit
Financial support for consumer goods, capital goods and projects Has to comply with the WTO, OECD, EU and other international regulations • Environment • Bribery and • Sustainable lending
13 INTERNATIONAL LOANS Procedure LOAN AGREEMENT (2) PUBLIC TÜRK Credit Request INSTITUTION/ EXIMBANK
Limit allocation FOREIGN BANK UTILIZATION(4)
REPAYMENT (5) REPAYMENT
AGREEMENT
SUB
- LOAN
EXPORT/PROJECT (3) EXPORTER/ BUYER/EMPLOYER CONSTRUCTOR CONTRACT (1)
14 INTERNATIONAL PROJECT LOANS Terms & Conditions
Construction + Repayment Period Maturity = Period
85% coverage for export (goods&services)
Interest & Risk Premium
15 INTERNATIONAL PROJECT LOANS Completed Projects Under Sovereign Guarantee
Sudan Sudan North Khartoum Sewage Project Al-Halfaia Bridge Project
TE Loan: EUR 21 mn TE Loan: EUR 15 mn
16 INTERNATIONAL PROJECT LOANS Completed Projects Under Sovereign Guarantee
Sudan Sudan North Khartoum Urgent Water El-Mek Nimir Bridge Project Supply Project TE Loan: EUR 9 mn TE Loan: USD 15 mn
17 INTERNATIONAL PROJECT LOANS Projects Financed in Belarus
Belarus Belarus Belarus Minsk Hotel Oktyabrskaya Aquapark Hotel (President) Hotel & 8 Villas
TE Loan: USD 19 mn TE Loan: USD 51 mn TE Loan: USD 10 mn
18 INTERNATIONAL PROJECT LOANS Ongoing Projects Under Sovereign Guarantee
Ethiopia Awash – Woldia Railway Project
TE Loan: USD 300 mn
19 INTERNATIONAL PROJECT LOANS Ongoing Projects Under Sovereign Guarantee
Ghana Akim-Oda, Akwatia & Winneba Water Projects
TE Loan: USD 136 mn
20 INTERNATIONAL PROJECT LOANS Ongoing Projects Under Sovereign Guarantee
Senegal Dakar International Conference Center Project
TE Loan: EUR 49 mn 21 INTERNATIONAL PROJECT LOANS Projects in the Pipeline
Congo Turkmenistan International Business City of Lebap Cement Plant Brazzaville TE Loan: EUR 198 mn TE Loan: USD 150 mn
22 INTERNATIONAL PROJECT LOANS Projects in the Pipeline
Senegal Ghana Dakar Market of National District Hospitals Project Interest & Truck Station TE Loan: USD 125 mn TE Loan: EUR 101 mn
23 INTERNATIONAL TRADE FINANCE BUYERS' CREDIT THROUGH FOREIGN BANKS - PROCEDURE
Prior evaluation (CAR, Profit, IFRS)
Limit allocation
Credit agreement (Revolving Loan Agreement) Export finance
24 INTERNATIONAL LOANS Allocated Credit Limits to Foreign Banks in 3 Continents
EUROPE AFRICA ASIA Albania (1) Afreximbank Azerbaijan (3) Russia (4) Nigeria (1) Georgia (2) T.R.N.Cyprus (1) Kazakhstan (2) Belarus (3) Kyrgyzstan (1) Mongolia (2)
“Strong Competition, 21 banks, Great Cooperation...” Total limit: USD 867 mn
25 INTERNATIONAL TRADE FINANCE BUYERS' CREDIT THROUGH DOMESTIC BANKS - PROCEDURE
Borrower: Domestic Banks (D.B.) in Turkey
Utilization: throughout correspondent banks, subsidiaries operating overseas
Applications: made by the related head office department or the branch office of Domestic Banks
26 INTERNATIONAL TRADE FINANCE BUYERS' CREDIT THROUGH DOMESTIC BANKS
Ziraat Bankası
CREDIT Halk LIMIT İş Bankası Bankası to DOMESTIC BANKS
Arap Türk Bankası
27 INTERNATIONAL TRADE FINANCE Export Receivables Discount Program
Specific Export Credit Insurance Program
Based on discount of Export Receivables, Bill(s) of Exchange or L/Cs Post shipment finance
28 INTERNATIONAL TRADE FINANCE FINANCED EXPORT TRANSACTIONS
EXPORT BUYERS‘ CREDIT RECEIVABLES THROUGH DOMESTIC DISCOUNT PROGRAM BANKS
Buses export, France Cement equipment export, Russia
29 Thank you for your attention…
Suzan USTA Manager – International Loans Phone : +90 216 666 5807 E-mail : [email protected]
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