Turk Eximbank inks $124M funding agreement with ING

ISTANBUL

Türkiye’s export credit bank Turk Eximbank announced Friday that it has signed a 5-year funding agreement of €115 million ($124 million) with the Dutch banking firm ING.

The funding agreement was inked under the insurance of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

“With this valuable facility with ING and ICIEC, we will continue to support the financing needs of our Turkish exporters and our country’s economy in line with our mission as Türkiye’s sole official export credit agency,” said Ali Guney, general manager of Turk Eximbank.