The innovative financing model of Aktif Bank, contributing to Turkish export sector by cooperating with international financial institutions, has received an important award from the Trade Finance Magazine of the Euromoney PLC group.

The innovative financing model of Aktif Bank, contributing to Turkish export sector by cooperating with international financial institutions, has received an important award from the Trade Finance Magazine of the Euromoney PLC group, the esteemed publication of the business and the finance world. Bringing the "Trade Finance 'Deals of the Year Awards' for EMEA” to Turkey's leading investment bank Aktif Bank, the innovative financing model is developed for the Turkish exporters in cooperation with the Islamic Development Bank organization ITFC.

The award ceremony of the Trade Finance Magazine of the Euromoney PLC group, one of the most prestigious gatherings of the international finance and business circles, was held in London on June 17 Wednesday.

Aktif Bank received the "Trade Finance 'Deals of the Year Awards' for EMEA" and the award is presented to Aktif Bank Financial Institutions Group Managing Director Muzaffer Suat Utku and Aktif Bank Treasury Group Executive Vice President Ömer Ünveren. Aktif Bank has surpassed approximately 200 candidates and received this important award presented by the international esteemed jury of the Trade Finance Magazine of the Euromoney PLC group. The deal bringing the prestigious award of the Trade Finance Magazine to Aktif Bank was signed with ITFC, an organization of the Islamic Development Bank, within the scope of a special financing model developed by the Bank for the Turkish exporters. The award was granted for this deal made between Aktif Bank and ITFC. Standing out with its international credibility and rankings, Aktif Bank provides a resource of 125 million liras from the Islamic Development Bank and grants them to the Turkish exporters.

AN INNOVATIVE AND AUTHENTIC MODEL

For the deal they signed with ITFC and the "Deal of the Year for EMEA” award presented for this deal by the Trade Finance Magazine, Aktif Bank Financial Institutions Group Managing Director Muzaffer Suat Utku said:

"As Aktif Bank, we are offering a new and innovative model to the Turkish exporters in the field of export financing with the deal we signed with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank. With the trust our Bank has ensured in the international finance circles, we provided a fund of 125 million liras, transferring this to the Turkish exporters. We developed a model providing a competitive advantage to our exporters, who constitute a vital force for the growth of Turkey, and aiming to meet their financial needs spread over to longer terms. Our two-step murabaha financing line of 125 million liras we created with the deal for our exporters, the face of Turkey expanding overseas, will offer significant financing possibilities to several export companies and the sector.

It's very important that this innovative deal with ITFC received an award among all those candidates in such a global platform in London, bringing the leaders of the finance world together today. We are really pleased and proud with this. The appreciation of this deal, combining our Bank's knowledge and experience with the possibilities of international financial institutions, by the jury of the Trade Finance Magazine of the Euromoney PLC is really a big deal not only for Aktif Bank, but also for the Turkish finance industry. As Aktif Bank, we will continue to always stand by our exporters and to represent our country in the global platforms. We will try adding some new awards to 72 international awards we received to date."

 

AN INNOVATIVE AND AUTHENTIC MODEL

For the deal they signed with ITFC and the "Deal of the Year for EMEA” award presented for this deal by the Trade Finance Magazine, Aktif Bank Financial Institutions Group Managing Director Muzaffer Suat Utku said:

"As Aktif Bank, we are offering a new and innovative model to the Turkish exporters in the field of export financing with the deal we signed with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank. With the trust our Bank has ensured in the international finance circles, we provided a fund of 125 million liras, transferring this to the Turkish exporters. We developed a model providing a competitive advantage to our exporters, who constitute a vital force for the growth of Turkey, and aiming to meet their financial needs spread over to longer terms. Our two-step murabaha financing line of 125 million liras we created with the deal for our exporters, the face of Turkey expanding overseas, will offer significant financing possibilities to several export companies and the sector.

It's very important that this innovative deal with ITFC received an award among all those candidates in such a global platform in London, bringing the leaders of the finance world together today. We are really pleased and proud with this. The appreciation of this deal, combining our Bank's knowledge and experience with the possibilities of international financial institutions, by the jury of the Trade Finance Magazine of the Euromoney PLC is really a big deal not only for Aktif Bank, but also for the Turkish finance industry. As Aktif Bank, we will continue to always stand by our exporters and to represent our country in the global platforms. We will try adding some new awards to 72 international awards we received to date."