Türk Eximbank collaborates with many suppliers within the scope of its business processes, and anticipates its suppliers to achieve full compliance with laws and regulations, as well as the Bank’s corporate values.

Türk Eximbank takes care to engage experienced suppliers that are professionally and technically competent, have references from financial institutions, fulfill authorization and certification requirements, and present economically advantageous proposals.

In the evaluation and selection of suppliers, the Bank opts for suppliers who are aligned with the “productive supply chain, mindful supply chain, risk-averse supply chain and agile supply chain” strategies and conform to the sustainability protocol and the terms and conditions of the regulation.

Purchasing and contract management performance criteria at Türk Eximbank

• Timely completion of purchasing processes,
• Increasing the discount rates secured for purchased goods/services
• Increasing the ratio of contracted purchases and zeroing the ratio of returned products.

Having signed sustainability protocols with nearly 60% of its suppliers in 2023, the Bank is targeting to increase this ratio to the order of 75% in 2024.

Aiming to diversify its supplier pool with new suppliers that will contribute value to the Bank in purchasing transactions, Türk Eximbank undertook improvement and optimization efforts for its supply chain management in 2023.

In this context, end-to-end supplier portal was launched, and purchasing started to be made via “EXIMBUY Supplier Portal” and Dutch auction tender processes started to be carried out online.

Türk Eximbank offers training about EXIMBUY Supplier Portal to those suppliers that may need it. In addition, seven employees from the purchasing unit received 45 hours of training on purchasing in the banking and finance sector, agreement and sectoral contract reviews, strategic purchasing method, negotiation techniques and bargaining skills, supplier performance management and supplier relations.

Türk Eximbank attaches importance to buying locally and green purchasing, and pays particular attention to make sure that the product is domestic and national, and the supplier is a domestic firm particularly in material procurements. The Bank contributed to GHG emissions reduction with its efforts to increase the ratio of sustainability protocols signed with suppliers to 60% and conducting tenders online.

Taking care to maintain effective supplier relations and to enhance supplier satisfaction, Türk Eximbank extends the necessary support for improving payment conditions to its suppliers in goods and services procurements. The Bank reclassifies suppliers that it no longer works with under “suspended” within EXIMBUY. To date, 39 companies were reclassified as “suspended”.

Purchasing Performance in 2023