Support to Exporters by Türkiye Finans

Murat Akşam, General Manager of Türkiye Finans, stated that they believe that Turkey will reach its export target of $500 billion and noted that they give the priority to the exporters and industrialists they work with.

Global Economy 13.10.2021, 10:05
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Support to Exporters by Türkiye Finans

In his written statement, Murat Akşam, General Manager of Türkiye Finans, stated that the Participation Finance System deriving its strength from production relies on production and exports.

Emphasizing that they want to be the flag bearer of this matter and spread it everywhere, Akşam said, "When I first started my business life in foreign trade in the early 1990s, we were thinking that Turkey had the potential to export $100 billion. At that time, the country's exports were at the level of $10-12 billion. Back then, we were asking ourselves 'can we export $100 billion?'. Now, only in September of 2021, our exports exceeded $18 billion. We foresee that we will reach $210 billion by the end of this year."

Pointing out that they believe that Turkey will reach its export target of $500 billion, Akşam made the following comments:

"We can achieve this if we find 50 countries to which we will export $10 billion each, or if we have 50 provinces that export $10 billion each. Because today, Gaziantep's annual export has approached $10 billion. That's why we believe this figure is achievable. On the other hand, imports increase along with exports. Most importantly, the ratio of exports to imports has reached 82-83%. This is a very significant achievement."

Mentioning that the people of Gaziantep invest what they earn in their hometown and have the province grow, Akşam said, "Gaziantep is a pioneering province that takes care of its workers and industrialists. The share of Gaziantep in Turkey's exports has increased from 1 percent to 5 percent. It continues with great figures in exports. All this happens thanks to entrepreneurs, industrialists, and public collaborations."

Noting that the main business and growth target of Türkiye Finans is to support production and exports, Akşam said that as Turkey's 12th largest bank, their goal is to become the 10th largest bank.

- "As a bank, we will always be involved in production and trade"

Pointing out that this growth is possible thanks to the funding they get from the cooperations on the commercial side, Akşam said:

'We give the priority to the exporters and industrialists we work with, and support them through working and investment capital need funds. Our stance is very clear. As a bank, we will always be involved in production and trade. We will increase our number as much as possible on the foreign trade side. Our difference from other banks is that we have a leasing structure within the bank. There is a foreign trade representative in all our branches. We aim to be one of Turkey's main banks in foreign trade financing. While doing this, we want to invest in our country and our people with the vision, 'the bank of those who gain and share together'. We believe that Turkey will become the export center of the world, and this can be achieved through young and competent human resources and enthusiasm for production. We are ready for this as a country."

Murat Akşam stated that the depositors of Türkiye Finans are very strong in terms of the foreign exchange deposits and they want to make the resources available on this part.

Touching also on the renewable energy financing, Akşam made the following comments:

"We are working to fund renewable energy. As we know from the Paris Agreement, we must reduce our carbon footprint in the world. As a bank, we have a share of nearly 20 percent in the funding of solar energy. We cooperated with HT Solar, one of the most important energy companies in the world. They provide training on renewable energy to our friends at the bank. We act as an intermediary to reduce the energy costs of rooftop SPPs. Through this approach, we support renewable energy and reduce our carbon footprint and energy costs. As Türkiye Finans, we are ready to meet the working and investment capital needs of the industrialists in this country."

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