QNB Finansbank International Banking Departmant continued to strengthen its wide correspondent network by establishing new banking relations and improved the QNB Finansbank’s position in relation to foreign trade transactions, funding, account management, international payments and treasury operations in 2020. The Bank was active in the international markets with the main focus of managing costs while extending the overall maturity profile of the wholesale borrowing.,
QNB Finansbank signed two syndicated loan agreements in 2020 for an amount of USD 280 million on May 2020 with the participation of 9 international banks and for an amount of USD 350 million on November 2020 with the participation of 33 international banks from 19 countries. The total syndicated loan financing obtained by QNB Finansbank in 2020 amounted to USD 158,5 million and EUR 393,5 million for the 367 days tenor. Additionally, the Bank continued to support foreign trade by raising a total volume of USD 1.2 billion funding under the post financing and other Trade loan structures.
QNB Finansbank concluded a EUR 150 millon facility with the European Bank for Reconstruction and Development (EBRD) under its Solidarity Package. The EUR 50 million tranche of the funding , that will be used to support SME clients, is a 2 year loan which is the longest bilateral lending of the EBRD to any Turkish bank within 2020 under its Solidarity Package. The EUR 100 million EUR tranche of the facility is received to support the trade finance business of the Bank.
QNB Finansbank concluded a EUR 25 million facility with the Proparco, a subsidiary of the French Development Bank, with a maturity of 6 years. Funds will be allocated to agriculture related projects of the Bank’s customers with a commitment to energy efficiency.