Türk Eximbank to raise export support to over $48B

Published 20.12.2018 21:32
Updated 21.12.2018 08:00

Türk Eximbank targets raising export-financing support by 10 percent to $48.4 billion in 2019, compared to the end of 2018, CEO Adnan Yılrıdım said yesterday.

The bank's 2018 financing support target for exporters was $44 billion, he noted at a panel in Istanbul.

To reach this target, the bank started new programs for exporters, service companies and contractors active abroad, he stressed.

He added: "We gained important resources from foreign countries through roadshows we held in 2017 and 2018."

Kerem Alkin, general secretary of the Turkish Exporters' Assembly (TİM), told the panel that service exports could bring substantial income to Turkey.

Service exports have more added value than goods exports, Alkin asserted.

Ferdi Erdoğan, chair of the Association of Turkish Construction Material Producers, said the construction materials sector made $17.3 billion in exports last year.

"In the first 10 months of 2018, our exports reached $17 billion, up 21 percent compared to the same period last year, and we'll close out 2018 with over $20 billion in exports," he noted.

He also said the sector's 2019 target is $22 billion in exports.

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