Turk Eximbank

What Turk Eximbank does

Türkiye İhracat Kredi Bankası A.Ş. (Turk Eximbank) is Turkey's official state-owned export credit agency, founded in 1987 and operating under the Republic of Turkey Ministry of Treasury and Finance with BDDK regulatory oversight. Headquartered in Ümraniye, Istanbul, the bank provides a comprehensive suite of export credit, export credit insurance, and Shariah-compliant (participation finance) products to Turkish exporters. Its portfolio spans short-term export credits (Rediscount, Pre-shipment, Export Preparation, E-Export Support), medium- and long-term credits (Working Capital, Investment, Brand, IBRD Green Export, AIIB Green Infrastructure), export receivables insurance (short-term and medium/long-term), buyer credits to foreign purchasers of Turkish goods, and full Islamic finance instruments (Murabaha, Ijara, Istisna, Isticrar, plus KEAS participation receivables insurance). In 2025, the bank provided $26.8 billion in credit support and $27.3 billion in insurance support across exporters shipping to 217 countries, with 83% of supported firms being SMEs.

The bank operates a hybrid distribution model combining a 20+ branch nationwide network, regional directorates, contact offices, digital banking channels (E-Şube internet banking, Eximbank Mobil iOS/Android app, basvuru.eximbank.gov.tr online application portal), and partnerships with 12 Turkish Export Unions, TİM, and participation banks as intermediaries. Its revenue model is built on interest income from export credits, insurance premiums scaled by country risk group and tenor, spreads on borrowed multilateral funds (World Bank, EIB, AIIB, ITFC, ICD, CDP, BSTDB) on-lent to exporters, FX operations, and transaction fees from derivatives and digital services. Notable infrastructure includes the GREENTİM sustainability platform integration (with TİM), which links carbon footprint measurement to green loan origination, and proprietary country risk classification covering 217 markets that underwrites both insurance pricing and credit decisions.

Funding strength is the defining strategic asset: the bank has secured a $1.1B World Bank-guaranteed Türkiye Green Export Project loan (May 2024), a record $1B-equivalent sustainability-linked syndicated loan (May 2025), $145M ICD Shariah facility (Aug 2025), $200M ITFC murabaha (Nov 2025), €100M EIB tranche (June 2026) marking EIB's return after an 8-year suspension, and a $650M international bond issuance. Credit ratings of Ba3 (Moody's, Stable) and BB- (Fitch, Stable) anchor its international funding access. The bank holds TS ISO/IEC 27001 information security certification and is not publicly traded.

Name

Turk Eximbank

Legal name

Türkiye İhracat Kredi Bankası A.Ş.

Website

https://eximbank.gov.tr

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Turk Eximbank is Turkey's state-owned export credit agency, providing export credit, export credit insurance, buyer credits, and Shariah-compliant financing to Turkish exporters (83% SMEs) shipping to 217 countries, funded by multilateral facilities and international capital markets.

Ownership category

akta.pro rank

Product category

Export Credit Agency / Trade Finance

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC)

akta.pro secondary industries

Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ), Pre-Export & Export Finance (Working Capital, Packing Credit) (FSABAHAG), Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF), Trade Finance, Export Credit & Risk Mitigation (BPADAMAG), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE)

Keywords

• Export credit agency
• Export financing
• Trade finance
• Export credit insurance
• Islamic finance

Headquarters

HQ city

Umraniye

Offices32 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Export Credit Interest and Commissions: Turk Eximbank earns revenue through interest income on export credit loans (short-term and medium/long-term) and commissions on export credit insurance policies. Rates are published on the bank's website (Faiz ve Kar Payı Oranları). The bank extends both conventional and Islamic (participation) finance products, with revenue generated on both streams.
2. Insurance Premiums: Revenue from export credit insurance premiums (short-term and medium/long-term policies), including commercial and political risk coverage for exporters. Premium rates vary by country risk classification, payment method, and tenor.
3. International Borrowing and On-lending: The bank raises funds from international capital markets and multilateral lenders (World Bank, EIB, ICD, ITFC, CDP) at competitive rates and on-lends to Turkish exporters at supported rates, generating a spread. Major facilities include the $1.1 billion World Bank-guaranteed green export loan (2024), €1 billion World Bank green export project loan (2024), €200 million EIB financing (2026), $200 million ITFC murabaha financing (2025), and $145 million ICD Shariah-compliant syndicated facility (2025).
4. Digital Banking Services: Revenue from digital banking services including exchange rate operations, currency trading, and interest rate hedging products (derivatives) for exporters.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Turk Eximbank (Türkiye İhracat Kredi Bankası A.Ş.) is Turkey's official state-owned export credit agency, providing a comprehensive suite of export financing, export credit insurance, and participation (Islamic) finance products to Turkish exporters and foreign buyers of Turkish goods. Its offering spans short-term and medium/long-term export credits, pre-shipment and post-shipment financing, working capital and investment loans, receivables insurance against commercial and political risk, buyer credits to foreign importers, international project financing, and Shariah-compliant finance alternatives. The bank distributes these products through 20+ domestic branches, regional directorates, digital channels, and correspondent bank partnerships.

Product overview

Türk Eximbank (Türkiye İhracat Kredi Bankası A.Ş.) operates as Turkey's official export credit agency, offering a comprehensive suite of financial products organized into five main categories: (1) Export Credit Loans including short-term (Reeskont, Pre-shipment, Export Preparation, E-export) and medium-long term products (Working Capital, Investment, Brand, IBRD Green Export, AIIB Green Infrastructure credits); (2) Export Receivables Insurance covering short-term and medium-long term insurance products including Specific Export Credit Insurance and Pre-shipment Insurance; (3) Digital Banking services including mobile banking applications for iOS and Android; (4) Buyer Credits for international trade and project financing; and (5) Participation Finance (Islamic Banking) products including Murabaha, Eser (Istisna), İcare, İsticrar, and related insurance products (KEAS, KEYAS). The bank also partners with international institutions including the World Bank, European Investment Bank, ICD, and ITFC for green financing and development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Short-term Export Credits (Reeskont Kredisi, Sevk Sonrası Reeskont Kredisi, İhracata Hazırlık Kredisi, Sevk Öncesi İhracat Kredisi, E-İhracat Destek Kredisi) Short-term (up to 360 days) export credit facilities covering pre-shipment production financing, post-shipment rediscounting of export receivables, export preparation financing, and dedicated working capital for digital/e-commerce exporters. Available to Turkish SMEs and large exporters with interest rates published by currency and tenor.
• Medium and Long-term Export Credits (İhracata Yönelik İşletme Sermayesi Kredisi, İhracata Yönelik Yatırım Kredisi, Marka Kredisi, Finansal Kiralama İşlemlerine Yönelik Kredi Programı) Medium and long-term credit facilities for Turkish exporters covering working capital, capital expenditure on machinery and equipment, brand development and internationalization (including purchases of foreign brands), and financial leasing investments. Targeted at exporters with documented export contracts or recurring export relationships.
• IBRD Yeşil İhracat Destek Kredisi (IBRD Green Export Support Credit) Medium-to-long term financing for green transformation investment expenditures by Turkish exporters, funded under the World Bank IBRD guarantee framework. Supports exporters investing in renewable energy, energy efficiency, and carbon-reduction technologies to comply with EU CBAM and climate standards.
• AIIB Yeşil Altyapı Destek Kredisi (AIIB Green Infrastructure Support Credit) Medium-to-long term financing for green transformation investments by Turkish exporters, funded by the Asian Infrastructure Investment Bank (AIIB). Supports green infrastructure and sustainability-linked export projects.
• Kısa Vadeli Alacak Sigortası (Short-term Receivables Insurance) Insurance coverage for exporters' short-term foreign sales receivables against commercial risks (buyer insolvency, default) and political risks (war, moratorium, transfer restrictions). Premium rates vary by buyer country risk group (0–7 scale), payment method, and tenor; 50% premium discount applies for irrevocable letters of credit or bank guarantees.
• Orta ve Uzun Vadeli Alacak Sigortası (Medium and Long-term Receivables Insurance: Spesifik İhracat Kredi Sigortası, Sevk Öncesi İhracat Kredi Sigortası) Medium and long-term export credit insurance products for Turkish exporters, including Specific Export Credit Insurance supporting competitiveness in foreign markets and helping emerging-market buyers access goods, and Pre-shipment Export Credit Insurance covering lengthy and costly production periods.
• Eximbank Mobil (Mobile Banking) Mobile banking application available on App Store and Google Play for credit applications, account management, transactions, and self-service access to the bank's export credit and insurance products for Turkish exporters.
• E-Şube (Internet Banking) Internet banking platform providing self-service access for Turkish exporters to apply for credits, manage accounts, view exchange rates, and access product information and online calculators.
• Alıcı Kredileri (Buyer Credits: Yurt İçi Bankalar Alıcı Kredileri, Yurt Dışı Bankalar Alıcı Kredileri, Devlet Garantili Alıcı Kredileri) Buyer credit programs extending financing through correspondent banks (domestic banks, foreign banks, or government-guaranteed structures) to foreign buyers of Turkish goods and services, plus international project credits for Turkish contractors. Rates depend on buyer credit type and country risk.
• Uluslararası Proje Kredileri (International Project Credits) International project financing for Turkish contractors undertaking overseas projects, structured via country limits and government-guaranteed arrangements.
• Yurtdışı Teminat Mektupları (Foreign Guarantee Letters) Guarantee letter services supporting Turkish exporters' foreign trade transactions, including bid bonds, performance bonds, and advance payment guarantees.
• Katılım Esaslı İhracat Finansmanları (Participation-based Export Finance: Murabaha, Eser/İstisna, İcare, İsticrar, İhracat Destek Finansmanı) Shariah-compliant export financing products for Turkish exporters who require or prefer Islamic finance alternatives, including Murabaha (sale with declared profit) for manufacturers, exporters and forex-generating service firms; Eser/İstisna for production contracts; İcare (leasing) for asset acquisition; İsticrar (open account sale); and Türkiye Central Bank-supported export financing distributed with profit-share rates.
• Aracı Banka İhracat Finansmanları (Intermediary Bank Export Financing: SÖİF, Katılım Bankaları Aracılığıyla İhracat Destek Finansmanı) Shariah-compliant export financing distributed through Turkish participation banks (Katılım bankaları) as intermediaries, including interest-free pre-shipment export financing (SÖİF), Central Bank export support financing, and interest-free financial leasing programs.
• Katılım Esaslı Alacak Sigortası (KEAS / Participation-based Receivables Insurance) Shariah-compliant export receivables insurance covering exporters' foreign sales under Islamic finance principles, including the related domestic variant (KEYAS / Katılım Esaslı Yurt İçi Alacak Sigortası).
• İGE Özkaynak Kefalet Paketleri (İGE Equity Guarantee Packages) Export financing credit program combining İGE's equity guarantee packages with Turk Eximbank credit products, providing enhanced guarantee coverage for exporters seeking financing for export-oriented investments.

Quantifiable outcome

• 83% of supported firms are SMEs (KOBİ), demonstrating reach into the small business segment
• +3 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Türkiye İhracatçılar Meclisi (TİM) - GREENTİM PlatformflagshipStrategic or Co-development Partner · 1 January 2025Turk Eximbank and TİM partnered to add a Green Finance module to the GREENTİM sustainability and carbon footprint calculation platform. Through this integration, Turkish exporters can access Turk Eximbank's sustainability and green-focused loans directly via the GREENTİM platform, creating a seamless digital pathway from sustainability measurement to financing.
• İGE (İşletme Geliştirme Destekleri A.Ş.)coreStrategic or Co-development PartnerTurk Eximbank and İGE partnership introduces a new era in export financing through İGE's equity guarantee packages (İGE Özkaynak Kefalet Paketleri), providing enhanced guarantee coverage for exporters seeking credit.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bpifrance: France's public investment bank and de facto ECA, providing export financing, guarantees, and equity to French exporters and SMEs. Comparable to Turk Eximbank as a state-backed institution with focus on export credit and SME support, with substantial green/climate-aligned financing programs.
• US Export-Import Bank (EXIM): The official U.S. export credit agency, providing export credit insurance, loan guarantees, and direct loans to U.S. exporters. Direct counterpart to Turk Eximbank in mandate (national ECA), product architecture (working capital, buyer credits, insurance), and target segment (domestic exporters competing in international markets).
• UK Export Finance (UKEF): The United Kingdom's official ECA, providing export finance and insurance for UK exporters, particularly for infrastructure and capital goods. Direct mandate overlap with Turk Eximbank (ECA function) and similar buyer credit programs, though UK-focused.
• Export Development Canada (EDC): Canada's official ECA, providing trade finance, export credit insurance, and financing solutions to Canadian exporters. Comparable product architecture (trade credit insurance, working capital, buyer financing) and ECA mandate, with similar focus on supporting domestic exporters in international markets.
• Korea Export-Import Bank (KEXIM): South Korea's official ECA, providing export financing, trade insurance, and overseas investment funding for Korean exporters. Highly comparable to Turk Eximbank as an emerging-market ECA with comprehensive short-term and medium/long-term export credit products, buyer credits, and Islamic finance capabilities.
• Japan Bank for International Cooperation (JBIC): Japan's policy-based financial institution supporting Japanese exports, overseas investment, and resource acquisition. Comparable to Turk Eximbank as a state-backed institution providing export credits, buyer credits, and equity investments, though at much larger balance-sheet scale.
• Export-Import Bank of China (China Eximbank): China's state-owned policy bank and official ECA, providing export credits, guarantee and insurance, and concessional loans supporting Chinese exporters and overseas projects. Closely comparable to Turk Eximbank as a state-mandated ECA serving the world's second-largest emerging market exporter base, with similar product suite and government-backed funding.

Broad incumbents

• Atradius: Major global trade credit insurer operating across Europe, the Americas, and Asia-Pacific, providing receivables insurance and surety bonds. Comparable to Turk Eximbank's Kısa Vadeli Alacak Sigortası product line, with similar country risk grading and risk mitigation services.
• Euler Hermes / Allianz Trade: The world's largest trade credit insurer, operating globally with both commercial and ECA-backed export credit insurance products. Comparable to Turk Eximbank's Alacak Sigortası (receivables insurance) business line, though Euler Hermes is a private, commercially-operated insurer rather than a state ECA.
• Coface: Leading global trade credit insurer with operations across 100+ countries, providing commercial credit insurance, surety bonds, and business information. Comparable to the credit insurance arm of Turk Eximbank, though Coface is privately held rather than a state ECA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Turk_Eximbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds9 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turk Eximbank