Credit Program for foreign Currency Earing Services

We are providing credits in the scope of the foreign exchange earning services credit program with the purpose to finance services like software developments, projecting and consulting projects, which will be exported abroad or to finance foreign exchange earning services offered abroad by domestic companies in Turkey.

What means Credit Program for Foreign Currency Earing Services?

This is a credit program with the purpose to finance services offered abroad by Turkish companies.

The foreign exchange earning services credit is being financed in the scope of the tax, duties and charges exemption certificate (VRHIB) of the TR Ministry of Trade regarding to construction business, consulting, software and engineering services offered abroad, maintenance and repair services for airplanes/ships/trucks under foreign flags, health services offered to foreigners in return of foreign exchanges in the inland and news sales with or without images to foreign media organs abroad by domestic news agencies and other projects of similar nature offered by our exporters.

Who can benefit?

The exporters, who will be ranked as qualified regarding to the conclusion of the financial analysis and commercial ethic in the scope of the intelligence and evaluation process of our bank and who have received the tax, duties and charges exemption certificate of the TR Ministry of Economics (VRHIB) can benefit from our foreign exchange earning services credit program.

What is the company limit?

In the scope of the foreign exchange earning services credit program we can provide a credit amount of up to 25 Million to our exporters.

The project limit will be determined by our bank on condition that the company limit and the tax, duties and charges exemption certificate (VRHIB) amount won’t be topped and under consideration of the contract conditions, signed by the service provider and the service purchaser on project basis.

What is the threshold for this transaction?

There is no threshold in the course of the foreign exchange earning service credit program.

How long is the term?

The credit term is limited with the term of the tax, duties and charges exemption certificate term referring to the credit and can be maximum 720 days. The credit is being provided with 180, 360, 540 and 720 days terms. The maximum credit term of projects, which tax, duties and charges exemption certificate term is longer than 24 months will be evaluated separately by our bank.

How much does it cost?

The interest rate for the credit will be determined by our bank. The relating rates can be seen on our website under the category interest and dividend rates.

Credit Program for foreign Currency Earing Services - Who is eligible?

Who is eligible?

Companies, which are exporting services, like construction business, consulting, software and engineering services offered abroad, maintenance and repair services for airplanes/ships/trucks under foreign flags, health services offered to foreigners in return of foreign exchanges in the inland and news sales with or without images to foreign media organs abroad by domestic news agencies and other projects of similar nature.

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