Albaraka Turk joins EBRD Trade Facilitation Programme to expand Turkiye's global trade ties
Turkey, March 5 -- The European Bank for Reconstruction and Development (EBRD) has joined forces with Albaraka Turk Kat?l?m Bankas? to advance Turkiye's trade objectives by establishing a US$ 50 million trade finance limit under its regional Trade Facilitation Programme (TFP). Albaraka Turk is the Bank's first partner participation bank in Turkiye.Through the facility, the EBRD will provide guarantees to international confirming banks, taking on the non-payment risk of international trade transactions conducted by Albaraka Turk. The TFP limit will enhance Albakara Turk's capacity to meet growing demand for trade finance, support its regional expansion and strengthen Turkiye's connectivity with key global markets, including Europe, the Middl...
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