Alternatif Bank with SWAP Agreed Rediscount Loans pioneering a new era in foreign trade financing 

Alternatif Bank, which makes a difference with its "Advisory Banking" approach and innovative financing solutions developed in the field of foreign trade, became one of the pioneering banks in Turkey to offer the Rediscount Credits based on SWAP Agreements introduced by the Central Bank of the Republic of Turkey. Rediscount Credits Based on SWAP Agreements enable businesses based in Turkey to purchase commercial goods from Qatar, China, South Korea, and the United Arab Emirates, with which the Central Bank of the Republic of Turkey has signed SWAP agreements, in the local currency of the respective countries. The rediscount credit offered by Alternatif Bank in local currency provides a cost-advantaged financing solution. At the same time, its simple structure in terms of operation, criteria, and commitments creates convenience for companies engaged in foreign trade. The repayment of Rediscount Credits to be provided through Alternatif Bank is realized in the currency of the relevant country. The loan maturity is 365 days for China and the United Arab Emirates and 180 days for Qatar and South Korea. As the CBRT continues to encourage trade between countries in local currency, Rediscount Credits Based on SWAP Agreements are expected to be a different and advantageous instrument for firms, especially in dealing with China, which has the highest volume of Turkey's foreign goods purchases. 

General Manager Kaan Gür shared his views on the product of Alternatif Bank, which successfully realized the first transaction within the scope of Rediscount Credits Based on SWAP Agreements, and said, "Foreign trade is one of our strongest muscles as Alternatif Bank, and we continue to support our customers at the highest level in financial and non-financial matters with our 'Advisory Banking' vision. The point where foreign currency funding costs have reached in today's economic dynamics has revealed the need for more good funds in different currencies for companies engaged in foreign trade. Our customers have recently started to express their needs in this direction frequently. At this point, we worked on our Rediscount Credit product based on SWAP Agreements implemented by the CBRT and became one of the leading banks to make it available briefly. With this product, we can provide our customers with financing in the currency of the relevant country at a more advantageous cost while hedging the parity risk through the Treasury. Moreover, with this loan, which has more superficial commitments and criteria, it is sufficient for our customers to submit the original invoice for the purchase of goods issued in the currency of the relevant country and give the payment order. We believe that this practice, which was first launched with Qatar, China, South Korea, South Korea and the United Arab Emirates, with which the Central Bank has a SWAP agreement, will create great convenience and advantage for our companies that prefer to purchase goods in local currency from these countries. We will always continue to create value for our companies with our innovative and pioneering solutions in foreign trade financing."