It's a foreign trade service which is provided by such countries as European countries, America and Japan through the relevant Export Credit Agencies in order to increase their export of investment goods and / or agricultural product exports from their own countries to the importing companies, also providing medium and long term financing and mediated by our Bank.
Aktif Bank provides forward purchasing opportunities to the importers with the help of country export credits which it gets international export credit institutions and the risk of importing country is insured by the ECA of the relevant country. Country credits are more advantageous than bank credits because they have long maturities and their interest is relatively lower. There is also GSM country credit which is provided by American Exim for the products such as cereal, cotton and corn only.
Repayment
Export payments, which are made within the scope of country credits, can be made in all kinds of payments which are available in our export legislation.
Major Export Credit Agencies
Country |
Export Credit Agency |
Germany |
HERMES |
Switzerland |
ERG |
Austria |
ÖKB |
Belgium |
OND |
Spain |
CESCE |
USA |
US EXIM |
Italy |
SACE |
France |
COFACE |
Japan |
MITI |
Finland |
FINNVERA |
Denmark |
EKF |
Holland |
NCM |
South Korea |
KEXIMBANK |
Australia |
EFIC |
England |
ECGD |
Sweden |
EKN |