ATSO PRESIDENT GÖKTAŞ EXPLAINED EXIMBANK LOANS

Added Date : 17-02-2020

Cüneyt Göktaş, Chairman of Aksaray Chamber of Commerce and Industry, made a statement about 60-140 basis points reduction in Eximbank Credits announced by Trade Minister Ruhsar Pekcan.

Stating that the discount on Eximbank Credits, which will enable exporters to use foreign currency loans under more favorable conditions, is an important step towards exporters, ATSO President Göktaş said; "Providing financing facilities at affordable cost to the Turkish Eximbank, the export sector," Export Credit "programs, as well as the development of economic and political relations between the interlocutors countries and Turkey in order to put into effect the" International Credit and Guarantee "program and the export sector to provide insurance against political and commercial risk" credit Insurance ”is the only institutionalized support element of exports that implements programs. In this context, Eximbank's development of exports, diversification of exported goods and services, providing new markets for export goods, increasing the share of exporters in international trade and providing initiatives, providing competitive power and security in international markets for exporters and contractors operating abroad. Our city will also provide significant support to the industrialists at the point of export, with the investments to be made and the reduction in the loans it provides to exporters in order to support and encourage the production and sales of investment goods for export purposes. In the past day, interest reduction was made in Eximbank loans announced by our Minister of Commerce Ruhsar Pekcan, up to 60 basis points in Short Term Foreign Currency Loans, up to 90 base points in Rediscount Foreign Currency Loans and 140 base points in Medium and Long Term Foreign Currency Loans. Interests with the new discount; Libor / Euribor + 1.80 percent to 2.00 percent range in Short Term Foreign Currency Loans, Libor / Euribor + 0.30 percent to 1.50 percent in Rediscount Foreign Currency Loans, and Libor / Euribor + 1 percent in Medium and Long Term Foreign Currency Loans, It decreased to the range of 00 to 3.75 percent. In this context, we welcome the reduction of 60-140 basis points in Turkish Eximbank Credits in general, we thank the Minister of Commerce on behalf of our business world. ”