Türk Eximbank Financial Leasing

Credit Program for Financial Leasing Transactions

Based on Article 6 of the Council of Ministers Decree No. 2013/4286 regarding Law No. 3332; the rules, conditions, and follow-up procedures of the Türkiye İhracat Kredi Bankası A.Ş. (Türk Eximbank) "Credit Program for Financial Leasing Transactions" are regulated to be utilized through Financial Leasing Companies and Participation Banks for the purpose of financing investments to be made via financial leasing by resident exporters in Türkiye, manufacturer-exporters, manufacturers producing final goods with export registration and exporting these goods through an exporter, companies carrying out foreign exchange-earning services and activities, and companies residing in free zones established in Türkiye and selling goods and services to third countries (excluding Türkiye and other free zones in Türkiye). Within the scope of these Implementation Procedures, credit utilization transactions to be carried out within the framework of the limits allocated to Financial Leasing Companies and Participation Banks by the Türk Eximbank Board of Directors are executed pursuant to the Resolutions of the Credit Committee of the Deputy General Directorate.
It is a credit program utilized through Financial Leasing Companies and Participation Banks for the purpose of financing investments to be made through financial leasing, in return for the export/sale of Turkish-origin goods—excluding goods whose export is prohibited pursuant to the relevant legislation—and the foreign exchange-earning service export commitment.

What is the program limit?
Within the scope of the program, the total principal balances of credits utilized by a company cannot exceed 5 million US Dollars.
The amount of credits utilized for the financing of foreign exchange-earning services within the scope of the Tax, Duty, and Charge Exemption Certificate (VRHİB) cannot exceed the VRHİB amount.

What is the transaction lower limit?
There is no lower limit on a transaction basis within the scope of our program.

Who is it suitable for?

• Exporters
• Manufacturer-Exporters
• Manufacturers producing final goods with export registration and exporting these goods through an exporter
• Companies residing in free zones established in Türkiye and selling goods and services to third countries (excluding Türkiye and other free zones in Türkiye)
• Companies carrying out foreign exchange-earning services and activities.

What is the cost?

• Profit share rates to be applied to credits are determined by Türk Eximbank and announced to intermediary institutions. In determining the profit share rates to be applied to credits, the profit share rates valid on the date of credit utilization are taken as basis.

Currency Type

• Utilized in Turkish Lira, US Dollars, and EURO.
• TL credits are utilized solely for SME companies.

Advantages

• No Banking and Insurance Transactions Tax (BSMV) is charged.

Required Documents
The documents to be requested from our customers for financing applications are specified below:

• Credit Request Form
• Company Information Form
• Letter of Consent (Muvafakatname)
• Expense List