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Turkish Central Bank Export Rediscount Credit
Burgan Bank acts as an intermediary for this low interest credit facility made by the Turkish Central Bank available to exporters and other firms engaged in activities generating foreign exchange earnings and in in high demand by those firms. In reliance upon an endorsement given by Burgan Bank to bonds issued by exporters, the Turkish Central Bank disburses pre-shipment or post-shipment rediscount credits with export commitments with a maturity of up to 360 days.
The loan applications, disbursements and repayments are made through Burgan Bank.