ANNOUNCEMENT 04 Apr 2015

In 2015, Turk Eximbank extended a credit line to Pasha Bank based in Azerbaijan having a total value of USD 29 million.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Turk Eximbank, Annual Reports (2015), “International Credit Programs”. Available at: https://www.eximbank.gov.tr/en/investor-relations/annual-reports

Inception date: 04 Apr 2015 | Removal date: open ended

Trade finance

In 2015, Turk Eximbank extended a credit line to Pasha Bank, based in Azerbaijan having a total value of USD 29 million. According to Turk Eximbank, the credit line will be used to finance the Turkish companies’ projects and exports.

Turk Eximbank signs credit agreements with several banks in foreign countries to finance overseas contracting projects and purchases of Turkish products in order to increase the export of Turkish goods and services in overseas markets.

In 2015, Turk Eximbank signed three credit agreements with three banks based in Azerbaijan, Nigeria, and Cyprus with an aggregate amount of USD 71 million.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A