Ziraat Bank announced that $930 million in long-term external financing was secured through Securitization Based on Remittances. Minister of Treasury and Finance Mehmet Şimşek stated that external financing opportunities continue with the economic program in place, and mentioned that “This transaction will facilitate access to credit for our real sector.” Ziraat Bank made a statement about the completion of a new external financing transaction. It was reported that a total of $930 million was exported with maturities of 5 and 10 years to international investors and 8 global banks under the Remittance Based Securitization Program (DPR). The program, which gained the distinction of being the first DPR program with an investable credit rating last year, reportedly attracted intense demand from global financial institutions covering Europe, the USA, the Gulf, and Asia, as well as internationally qualified investors. The statement indicated that in addition to offering long-term and low-cost advantages, the transaction provided diversified funding on a global scale. It was stated in the statement that the bank operates at 127 locations in 20 countries abroad, in addition to its extensive branch network in the country. The statement mentioned that a selective credit policy is followed in line with the current economic program and macro-prudential regulations, and added that the bank effectively utilizes the external financing channel created by the DPR program by taking into account the increasing foreign trade share and remittance volume that have led to sector leadership in recent years. Minister Şimşek shared a post on his social media account regarding Ziraat Bank’s $930 million long-term external financing. Emphasizing the importance of this external financing, Şimşek evaluated it by stating, “With our program, increasing external financing opportunities continue. This long-term transaction, which has attracted interest from investors from a wide range of geographies, will contribute to facilitating access to credit for our real sector.”