VakıfBank secures funding

VakıfBank has announced that it has secured new international funding in the amount of 300 million dollars.

In a written statement from the bank, it was stated, “One of these funding transactions, which have maturities ranging from 1 to 7 years, was realized under the guarantee of the Italian Export Credit Agency SACE. Thus, the amount of new funding that VakıfBank has secured from international markets in 2023 has exceeded 4 billion dollars.”

According to the statement, when including the syndicated loan and post-financing transactions renewed during the year, the total amount of funding the bank has secured from abroad since the beginning of the year has reached approximately 6 billion dollars.