ICIEC provides risk cover for EUR 100 million export financing facility to Türk Eximbank

According to official disclosures, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has issued a 10-year risk guarantee for a EUR 100 million loan to Türk Eximbank. This multilateral backing enables the Turkish state lender to extend critical long-term capital to small and medium-sized enterprises targeting international markets.

According to official disclosures, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral political risk insurer within the Islamic Development Bank Group, has underwritten a EUR 100 million credit facility for Türk Eximbank, the state-owned export credit bank of Türkiye. The 10-year Non-Honoring of Financial Obligations cover was provided alongside lending from ING Bank and SMBC Bank International.

This transaction is critical for de-risking long-term sovereign and state-owned enterprise exposures. By mitigating repayment risks, the guarantee allows Türk Eximbank to secure extended tenor funding that would otherwise be difficult or prohibitively expensive to obtain in current global credit markets.

The policy impact directly supports Türkiye’s macroeconomic strategy to accelerate export-led growth. The capital injection specifically targets small and medium-sized enterprises, which form the backbone of the Turkish corporate sector, enabling them to scale operations and penetrate foreign markets despite broader global trade volatility.

For international lenders and institutional investors, the involvement of ICIEC demonstrates the continued viability of multilateral credit enhancement structures in emerging markets. It signals a strategic pathway for European and Asian commercial banks to deploy capital into Turkish trade finance while maintaining optimized risk-weighted asset profiles.