200 million euro loan to VakıfBank

According to the statement made by the bank, it is aimed to meet the financing needs of customers who conduct foreign trade transactions with Italy with a 10-year term 200 million euro resource provided by ING Germany, under the 95 percent guarantee of SACE.

With this transaction, it is planned to support access to foreign trade financing and contribute to the trade volume between Türkiye and Italy.

VakıfBank General Manager Osman Arslan, whose views were included in the statement, stated that since the beginning of the year, they have obtained new resources worth a total of 2 billion dollars within the scope of the guarantee of various international organizations such as Austria's official export credit agency OeKB, World Bank Group members IBRD and MIGA.

Arslan stated that this time, they successfully completed the 10-year financing of 200 million euros provided by ING Germany, one of the leading correspondent banks, under the guarantee of SACE, Italy's official export credit agency, and said:

"The total amount of new resources we provided from abroad in 2026 reached 9 billion dollars. In line with our vision of Development-Oriented Value Banking, we are building our international funding strategy not only on the provision of new resources, but also on the understanding of providing financing to value-producing areas that will support our country's production, employment, investment and foreign trade capacity. In this context, we offer solutions that meet the needs of our real sector through the strong collaborations and different financing structures we have developed with different international organizations."

"We are creating new opportunities between the two countries"

Making a statement on behalf of the project guarantor SACE, Africa, Turkey and Middle East Regional Director Ciro Aquino stated that this transaction is a concrete example of SACE's determination to support the growth of Italian companies in international markets, increase their competitiveness and create new business opportunities in strategic markets.

Aquino emphasized that with this transaction, while supporting the exports of more than 100 Italian companies, especially SMEs and medium-sized enterprises, they also paved the way for many exporters to expand their presence in Türkiye, which is an important market for Italian exports, and made the following evaluations:

"As Italy's export credit agency, with VakıfBank and ING, we facilitate access to medium and long-term financing for importers in Türkiye, strengthen commercial ties between Italian exporters and local business partners, and create new opportunities for trade and cooperation between the two countries."

Tiziano Tallarida, ING Germany Structured Finance Director, who is the project lender, stated that they were very pleased to support VakıfBank in another successful financing transaction guaranteed by the export credit agency, which was structured in accordance with VakıfBank's long-term financing needs and at the same time significantly simplified the documentation requirements in the disbursement process.