Güney commented on the announcement by Minister Şimşek regarding the extension of loans with different types of guarantee in addition to the letter of guarantee in order to solve the financing problems of exporters. Güney noted that alternative types of guarantee that are generally accepted in the banking sector, such as pledges of securities, bail of guarantee institutions such as KGF and İGE, mortgages and real and legal person guarantees, are now being accepted.
Emphasizing that this move serves the purpose of solving exporters' financing problems and reducing guarantee costs, Güney also stated that Türk Eximbank is constantly renewing itself by following technological developments and that credit risk is effectively managed through tracking systems.
Güney said that Turk Eximbank keeps up with the latest technological developments in the sector and manages credit risk effectively through monitoring systems. Noting that within the framework of its export-oriented growth strategy, Turk Eximbank has expanded its product and service scope by taking into account the financing access needs of high-tech and value-added exporters, Güney said that the Bank aims to reduce financing costs by diversifying guarantees.
Highlighting the benefits to be gained by exporters through the diversification of the collateral structure, Güney said:
"While taking an important step towards solving the collateral issue that, our exporters experience at the point of benefiting from our bank's funds, at the same time, the increasing financing costs due to letter of guarantee commissions will be reduced. In addition, it is aimed to contribute to the effective management of the financing opportunities of our exporters by preventing the increase in costs caused by the use of both cash and non-cash limits of exporters before all banks."
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