Aktif inks export financing to help bolster Turkish growth
Turkish lender Aktif Bank has signed a $45m murabaha export financing agreement with the International Islamic Trade Finance Cooperation (ITFC). Additional support for Turkish exports is badly needed — Turkish GDP growth has slowed to well below the government’s 2014 target level, and recent data indicates that exports are one of the few areas of the economy preventing a deeper drop, said emerging market analysts.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts