Aktif Bank has been one of the 5 banks with which Asia Development Bank has signed a Trade Finance Program (TFP) agreement for strengtening trade with Turkey
Achieving very successful Results in retail and institutional banking fields thanks to its innovative approach called “New Generation Banking”, and to its technology-focused unique business model, and being Turkey’s first and only direct bank launching many new products into banking sector, Aktif Bank signed a “Trade Finance Program (FTP)” agreement with Asia Development Bank, whereby Aktif Bank customers will now be capable of expanding their trade opportunities and trade cooperation between Turkey and Asia will grow. (source)
Within the framework of program handled by Asia Development Bank for supporting exports, this TPF will minimize export-related payment risks in difficult markets in Asia and will make a significant contribution to cross-border trade, economic growth and employment.
Önder Halisdemir, PhD., General Manager of Aktif Bank, said that this agreement, when looked at the program from point of view of Turkish importers, will make significant contribution to development of trade between Turkey and Asia as it provide banks with guarantees and loan facilities. Mr Halisdemir said: “Trade finance agreement made with Asia Development Bank will enable Turkey to make trades with a growing number of Asian countries”.
Apart from this agreement, making a further agreement with Islam Development Bank in line with its Regional Banking strategies, Aktif Bank launches ITFC (Islamic Trade Finance Cooperation) models in Turkey; and, thanks to its capacity as ICIEC regional agency, insures firms’ short-, medium- and long-term export and international receivables.
Source : http://www.aktifbank.com.tr/News.aspx?199 - July 2011
