Firms: SACE, credit line worth 40 mln for Turkish companies

In favor of Yapi Kredi to buy Italian goods and services

21 January, 12:22

    The Bosphorus waterway in Istanbul The Bosphorus waterway in Istanbul

      - ROME - Italian financial insurance group SACE active in export credit guarantees a credit line worth 40 million euros to Turkish companies to import Italian goods and services. The credit line, SACE said, was provided by Ing Bank in favor of Yapi Kredi Leasing.

    ''Through this credit line guaranteed by SACE, Yapi Kredi Leasing can fund machinery bought from Italy, obtaining at the same time an alternative source of funding in the medium and long term'', said Cristina Morelli, head of Transportation & Special Industries at SACE. Turkey is a strategic market for SACE, as shown by constantly growing data and a portfolio of insured operations in the country exceeding two billion euros.

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