Recent Developments
Amendments were made to the Principles Regarding the
Establishment and Duties of Türkiye İhracat Kredi
Bankası Anonim Şirketi
("Eximbank") (the
"Principles") through the Presidential
Decree No. 5445 dated April 19, 2022
("Decree"). The amendments were
published in the Official Gazette No. 31815 and dated April 20,
2022 and entered into force on the same day.
Before the Decree, the coverage of the credit insurance that
Eximbank was entitled to provide was limited to insurances provided
for the purposes of securing the sales of exporters and the sales
of the goods produced by their non-Turkish subsidiaries, at least
50 per cent of the share capital of which is held by exporters (the
"Foreign Affiliates"), and made within
the production country, or to countries other than Turkey.
