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Country Risk Category

Türkiye

Cover Policy – Export Credit Guarantees

Short-term Business

Cover facilities are available subject to a strict case-by-case review for transactions particularly deserving of promotion.

Medium/long-term Business

Cover facilities are available subject to a strict case-by-case review for transactions particularly deserving of promotion. When assessing the buyer’s creditworthiness, the focus is on the transaction’s capacity to generate foreign exchange for the buyer, the repayment profile and the share of foreign exchange debts in total debts, the financial reserves, the integration into an international group of companies as well as investments and equity investments abroad.

Collateral

For short-term transactions and transactions with longer credit periods but contract values not exceeding EUR 5 million with public buyers, a guarantee of a Turkish commercial bank has to be provided prior to the commencement of risk. For transactions with longer credit periods and contract values exceeding EUR 5 million, a guarantee from the Minister of State and Deputy Prime Minister, represented by the Undersecretariat of Treasury and Foreign Trade, or its binding countersignature of the loan agreement is required prior to the commencement of risk.

For transactions with private buyers bank security is required if the foreign buyer’s creditworthiness is inadequate.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Further Information

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).

Contact 

Bank Analytics Team

Analysis of financial institutions

Jörn Grabowski

Manufacturing Risk Cover; Single Transaction Cover

Martina Kelbe

Wholeturnover Cover (Revolving Cover)

Ralf Tange

Economic Analyses

Cover Policy – UFK-Guarantees

There do not exist any restrictive country cover policy decisions for Untied Loan Guarantees. However, when deciding on cover of raw material projects, the Federal Government always takes the current situation in the host country into account. If you have any queries, please do not hesitate to contact our experts.

Contact

Hannes Hagel

Untied Loan Guarantees

Julian Greiwe

Untied Loan Guarantees

No responsibility is taken for the correctness of the information provided.

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