Türk Eximbank’s total assets reached TL 871 billion (USD 24.7 billion) as of 31 December 2024.

Assets

Türk Eximbank’s assets are composed of credits by 88%, liquid assets by 3%, and financial assets measured at amortized cost by 1% and, derivative financial assets and other assets by 5%.

The Bank’s loan portfolio reached TL 763 billion, up by 48% in the twelve months to end-December 2024.

Of the total credits, 51.6% (TL 393.7 billion) are short-term credits and 48.3% (TL 368.4 billion) are medium- and long-term credits.

Although a substantial portion of the Bank’s funds are channeled to the exports industry in the form of credits, the ratio of non-performing loans (NPL) (TL 877.1 million) to total loans is well below the sector’s average and stands at 0.1%.

Through effective risk assessment methods pursued, Türk Eximbank works arduously to timely and fully collect its credits. 

Liabilities

Türk Eximbank’s total liabilities were worth TL 870.6 billion. Of these, 11% (TL 93 billion) consisted of shareholders’ equity, 88% (TL 768.1 billion) of external funds, and 1% (TL 9.5 billion) of provisions and other items.

Out of the Bank’s shareholders’ equity of TL 93 billion, 59% (TL 55.3 billion) pertains to paid-in capital, 3% (TL 2.9 billion) to profit reserves and others, and 38% (TL 34.8 billion) to net profit for the period.

TL 555.5 billion of foreign resources in real terms used for funding the Bank’s assets consisted of TL 279.4 billion in credits sourced by the CBRT, TL 166.4 billion in credits provided from domestic and foreign banks and borrowings from money markets, TL 150.8 billion in marketable securities issued, and TL 3 billion in subordinated loans.

At the Ordinary General Assembly convened on 5 June 2024, the authorized capital was increased to TL 120 billion. The Bank’s paid-in capital is TL 55.3 billion as of 31 December 2024.

Solvency

The ratio of Türk Eximbank’s liquid assets including short term loans to short-term liabilities was registered as 94% as of 31 December 2024.

Profit & Loss Statement and Profitability

The credit-weighted composition of Türk Eximbank’s balance sheet bears effects also on income. The Bank's total interest income is TL 127.3 billion, of which 88% (TL 111.7 billion) is interest received from loans.

On the other hand, the Bank’s interest expense was TL 92 billion since the Bank secures funds by way of borrowing from domestic and international money and capital markets and through bond issuances. Of this amount, 89% (TL 81.4 billion) was interest paid on borrowings from domestic and international markets, and 10.4% (TL 9.6 billion) was interest paid on securities issued.

The Bank booked a net profit of TL 34.8 billion for the fiscal year ended 31 December 2024. Therefore, the Bank registered an RoA of 4.86% and an RoE of 78.0%.