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Minister Şimşek: Our program continues to provide external financing opportunities

Ziraat Bank announced that $930 million in long-term external financing was secured through Securitization Based on Remittance Flows. Minister of Treasury and Finance Mehmet Şimşek stated that external financing opportunities are continuing with the implementation of the economic program, emphasizing that this transaction will facilitate access to credit for our real sector. A statement was made by Ziraat Bank regarding the completion of a new external financing transaction. The statement reported that under the Remittance-Based Securitization Program (DPR), total issuance of $930 million with international investors and 8 global banks for 5 and 10 years was carried out. The program gained the distinction of being the first DPR program with an investment-grade credit rating last year, attracting strong demand from global financial institutions covering Europe, the United States, the Gulf, and Asia as well as internationally qualified investors. The statement highlighted that this transaction provides long-term and low-cost advantages as well as a globally diversified funding source. It was noted in the statement that the bank, in addition to its widespread branch network in the country, operates in 127 locations in 20 countries abroad. The statement emphasized that a selective credit policy is being followed in line with the current economic program and macro-prudential regulations, stating that “By efficiently utilizing the external financing channel created with the DPR program, the bank is contributing to providing easier access to credit for the real sector, taking into account its increasing external trade share and remittance volume, which have made it a sector leader in recent years.” Minister Şimşek shared a post on his social media account regarding Ziraat Bank securing $930 million in long-term external financing. Highlighting the importance of this external financing, Şimşek stated, “Our program continues to offer increased external financing opportunities. This long-term transaction, which has attracted interest from investors across a wide geographical area, will contribute to facilitating access to credit for our real sector.”

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