ANNOUNCEMENT 13 Sep 2019

On 13 September 2019, the Turk Eximbank lowered the interest rates on loans for SMEs and exporters producing high technology products from 11.84% to 10.6%.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Turk Eximbank Press Release, New Incentives for exporters on Access to financing. Turk Eximbank Finansmana erişimde ihracatçılara yeni fırsatlar sunuyor. Available at: https://www.eximbank.gov.tr/content/files/b70252e0-2e4f-45be-a861-30da745333ec/turk-eximbank-finansmana-erisimde-ihracatcilara-yeni-firsatlar-sunuyor

Website of the Turk Eximbank, the list of high-tech industrial products, Yüksek teknolojili sanayi ürünleri listesi. Available at: https://www.eximbank.gov.tr/content/files/46170322-c80d-4f6d-b1c2-c7de410dfb11/yuksek-teknolojili-sanayi-urunleri-listesi

Inception date: 13 Sep 2019 | Removal date: 01 Oct 2019
Still in force

Trade finance

On 13 September 2019, the Turk Eximbank announced lowering the interest rates to 10.65% on loans for Small and Medium-Sized Enterprises (SMEs) and exporter companies which are producing high technology products. Previously the interest rates on Turkish Lira denominated loans were 11.84% (see related state act).

With the decrease in interest rates, the Turk Eximbank aims to strengthen the export competitiveness of the SMEs and exporters of high-tech products in international markets.

On 2 October 2019, the Turk Eximbank announced reducing the interest rates to 9.61%

AFFECTED PRODUCTS

 
292241 292242 292310 292320 292390 292419 292429 293220 293311 293319 293359 293369 293500 293621 293622 293623 293624 293625 293626 293627 293628 293629 293722 293723 293729 293750 293890 293942 293999 294000 294110 294120 294130 294140 294150 294190 300120 300190 300210 300220 300230 300290 300310 300320 300390 300410 300420 300431 300432 300439 300440 300450 300490 300510 300590 300610 300620 300630 300640 300660 382490 390760 840710 840910 841111 841112 841121 841122 841191 841210 841920 844331 844332 844339 844399 847010 847050 847130 847141 847149 847150 847160 847170 847180 847190 847290 847329 847330 847340 848620 848640 851711 851712 851718 851761 851762 851769 851770 851810 851821 851822 851829 851830 851840 851850 851890 851981 852190 852290 852352 852560 852580 852610 852691 852692 852713 852721 852729 852791 852851 852859 852869 852871 852872 852910 852990 853210 853221 853222 853223 853224 853225 853229 853321 853329 853340 853400 854020 854079 854110 854121 854129 854130 854140 854150 854160 854231 854232 854233 854239 854290 880211 880212 880230 880240 880310 880320 880330 880390 880510 880529 900110 900130 900150 900190 900211 900219 900290 900311 900319 900390 900410 900490 900510 900590 900640 901110 901180 901210 901310 901320 901380 901390 901410 901420 901480 901490 901510 901520 901530 901540 901580 901590 901600 901730 901780 901811 901812 901813 901814 901819 901820 901831 901832 901839 901841 901849 901850 901890 901910 901920 902000 902110 902121 902129 902131 902139 902140 902150 902190 902212 902213 902214 902219 902230 902290 902410 902480 902490 902519 902580 902590 902610 902620 902680 902690 902710 902720 902730 902750 902780 902790 902810 902820 902890 902910 902920 902990 903010 903031 903032 903033 903039 903040 903084 903089 903090 903110 903120 903149 903180 903190 903210 903220 903281 903289 903290 903300 910111 910121 910129 910211 910212 910219 910221 910229 910400 910511 910521 910700 910811 910910 911120 940290
(+ 274 more)