Ziraat Bank announced that $930 million in long-term external financing was secured through Securitization Based on Transfer Flows. Minister of Treasury and Finance Mehmet Şimşek stated that external financing opportunities continue with the economic program in practice and mentioned, “This transaction will facilitate access to credit for our real sector.”

An announcement was made by Ziraat Bank regarding the completion of a new external financing transaction. The statement indicated that under the Depositary Receipts Program (DPR), a total of $930 million in issuances were made with international investors and 8 global banks for 5 and 10 years. The program, which gained the distinction of being the first DPR program with an investment-grade credit rating last year, received strong demand from global financial institutions and internationally qualified investors covering Europe, the US, the Gulf, and Asia. The statement emphasized that, in addition to offering long-term and low-cost advantages, the transaction provided a globally diversified funding source. It was mentioned that the bank’s widespread branch network within the country as well as its operations in 127 locations across 20 countries abroad. The statement also noted that a selective credit policy is followed in harmony with the current economic program and macro-prudential regulations, stating, “Taking into account the increasing share of external trade and transfer volume reaching sector leadership in recent years, the bank effectively uses the external financing channel it created through the DPR program.”

MINISTER ŞIMŞEK: WILL CONTRIBUTE TO FACILITATING ACCESS TO CREDIT FOR THE REAL SECTOR
Minister of Treasury and Finance Mehmet Şimşek made a social media post regarding Ziraat Bank’s provision of $930 million in long-term external financing. Emphasizing the importance of this external financing, Şimşek stated, “Our program continues to increase external financing opportunities. This long-term transaction, which has drawn interest from investors in a wide geographic area, will contribute to facilitating access to credit for our real sector.”