Leading participation bank in Turkey, Kuveyt Turk announced the second phase of Export Support Package originally launched in January in an effort to support the exports and increase foreign exchange inflow to the country. Lowering its profit ratios in Euro and Dollar transactions, the bank analyzes the needs of its exporting clients and offers appropriate ratios and maturities. Applying maturities up to 60 months with grace periods up to 6 months, Kuveyt Türk’s monthly profits rates starts from 0,26 percent for Euro and 0,35 percent for USD for the benefit of exporters.
Kuveyt Türk Participation Band had launched its Export Support Package in January and provided its clients with financing of around 500 million dollar with affordable terms for export transactions. Kuveyt Türk has publicly announced the second phase of the package upon intensive interest and demand from exporters.
Commenting on the Export Support Package, Mr. Ufuk Uyan, CEO of Kuveyt Türk said, “We continue our efforts to support real economy and provide financing for growth. We made a quick start to 2019 and announced our Export Support Package in January for the transactions with contracted export value. Our exporters expressed great interest in the package and exceeded our targets reaching a volume of approximately $ 500 million. Upon the intense interest and demand of our exporters, we decided to continue our campaign. As part of our new package, we analyze the needs of our exporting clients and offer them appropriate rate and maturity options. We will continue to support our exporters by providing funds with a maturity of up to 36 months, with grace period up to 6 months, provided that we receive the export price commitment from them. We have also reduced our profit rates in the new phase of our package. In order to provide much more support to our exporters in the new phase, we will be able to provide financial support with profit rates starting at 0.26 percent in Euro and 0.35 percent in USD. I wish our new campaign, which will continue till October 1, 2019, with a $ 300 million limit, will be beneficial to our exporters and our country's economy.”
Detailed info about Export Support Package is available at the call center (444 0 123) or websites www.saglamkart.com.tr or www.kuveytturk.com.tr).