OVERSEAS CONTRACTING SERVICES BRIDGE CREDIT
Project Status : Active
Updated Date : 28.04.2021
OVERSEAS CONTRACTING SERVICES BRIDGE CREDIT
DETAILS
Bridge financing is provided within the scope of uncollectible progress payments arising from projects undertaken abroad by contractor / consulting firms.
What is Overseas Contracting Services Bridge Credit?
Financing is provided in order to reduce the effects of the financial crisis in the international markets on the Turkish contracting sector and to maintain the existing construction sites and mobilization-machinery park of our companies operating in this field in working condition, and to maintain the long-term persistence of investments in these markets and the existing competitive power.
Whom is it suitable for?
Contracting / consultancy companies that certify that the works related to the projects subject to the loan are continuing with the documents to be issued by the Commercial Counselor / Turkish Embassy in the relevant countries and whose project information / receivables are determined as a result of the examinations carried out by our Bank, benefit from this program.
What is the purpose of the product?
Contracting / consultancy companies that have received work from national and / or international employers in countries where construction activities are underway, and within the scope of these projects, which have accrued in 2008 and the following years and have uncollected receivables although approved by the employer authorities, will be granted loans.
What is the company limit?
Within the scope of our program, we can provide credits up to 25 million USD. The credit amount to be allocated to the company is determined by our Bank, taking into account the project information and the uncollected progress payment and other receivables bound to the document in accordance with the framework specified in the 2nd article of the Application Principles of the loan, so as not to exceed the company limit.
What is the transaction lower limit?
There is no lower limit on transaction basis within the scope of our Overseas Contracting Services Bridge Credit program.
How long is the term?
Term options are posted on our website with interest / dividend rates.
What is the cost?
The interest rates of our Overseas Contracting Services Bridge Credit Program are determined according to the term of the credit and the currency used. You can access the relevant rates from the interest and dividend rates section on our website.
