Şekerbank receives third award from the EBRD…
Şekerbank is awarded the “Most Active Issuing Bank in Turkey in 2016” by European Bank for Reconstruction and Development (EBRD) under EBRD’s Trade Facilitation Programme (TFP). This is the third award by EBRD to Şekerbank, the first Turkish bank to join the TFP, as the Bank successfully utilized USD 50 million under TFP.
Using more than 50 percent of its foreign funding to support SMEs, Şekerbank is awarded again this year under the Trade Facilitation Programme (TFP). TFP was started by the European Bank for Reconstruction and Development (EBRD) in Turkey in 2014.
Şekerbank utilized USD 50 million dollar funding in 2016 under the TFP to support its clients’ foreign trade business, which was in line with EBRD’s aim to facilitate foreign trade through its TFP Programme.
The “Most Active Issuing Bank in Turkey in 2016” award was presented to Ali Kemal Küçükcan, Head of Financial Institutions, at the EBRD Annual Meeting and Business Forum in Cyprus. Şekerbank is given the same award second time in a row, repeating its success of 2015. Şekerbank was also awarded by EBRD in 2015 concluding the “First Guarantee Transaction under TFP” in Turkey.
Through the TFP Programme launched in 1999, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors to promote foreign trade. The TFP currently includes over 100 partner banks in 25 countries where the EBRD operates with limits exceeding €1.5 billion in total, and more than 800 confirming banks worldwide.