AKTIF BANK & ITFC SUPPORT FOR TURKISH EXPORTERS

PRESS RELEASE

September 13^th, 2014

AKTIF BANK & ITFC

SUPPORT FOR TURKISH EXPORTERS

                                                                                                               

The agreement for Two Step Murabaha Facility for TL 100 million which will be used for financing Turkish export through joint efforts of Aktif Bank and ITFC was was signed by Aktif Bank CEO Dr. Önder Halisdemir and ITFC CEO Dr. Waleed Al-Wohaib

Thanks to this agreement, the Turkish exporters will benefit through Aktif Bank from the export Murabaha financing provided by Islamic Development Bank subsidiary ITFC and this will provide an additional source for funding their exports.

Aktif Bank CEO Dr. Önder Halisdemir has said the following statement during the signing ceremony; “It gives us great pride to sign this agreement with the esteemed International Islamic Trade Finance Corporation which will provide a competitive edge for the exporters in order to support our national growth and to meet their longer term funding requirements. As Aktif bank, we will continue to develop our strong cooperation with the international financial organsations and to contribute to the national exports by applying innovative finance structures.”

Aktif Bank and ITFC will continue to support the exporters through this cooperation model which is only being implemented with Aktif Bank.

About Aktif Bank

Aktif Bank is the largest private sector investment bank of Turkey. It provides services in the areas of retail banking, investment banking and regional banking segments. The Bank’s innovative and entreprenerual business approach has enabled earning a total of 68 international awards during the course of last 4 years. It was selected the most innovative bank in terms of alternative distribution channels. In the field of investment banking, it pioneered in the market by issuing  Turkey’s first bank bond, asset based security and project finance sukuk. The Bank’s unique business model is named “New Generation Banking”. It also leas a number of national and international initiatives in the area of entrepreneurship. Aktif Bank was evaluated in 2014 by JCR Eurasia Rating in the highest investment grade category and its long term national rating was confirmed as “AA(Trk” stable.