Business · Companies · 5 hrs ago
VakıfBank secures €200 million loan backed by Italy’s SACE
VakıfBank secured €200 million in financing from ING Germany under a 10-year loan.
Italy’s export credit agency, SACE, guarantees 95% of the financing.
The money is intended to help VakıfBank customers finance trade with Italy, including imports from Italian companies.
The deal is expected to support exports by more than 100 Italian companies, especially small and medium-sized businesses.
It will also help Turkish importers access medium- and long-term financing and strengthen trade links between the two countries.
VakıfBank says its new external funding in 2026 has reached $9 billion, including this deal and funding secured earlier in the year.
The bank described the transaction as a continuation of its first SACE-guaranteed financing with ING in 2023.
VakıfBank secured €200 million in financing from ING Germany, guaranteed by Italy’s export credit agency SACE.
The loan has a 10-year term and a 95% SACE guarantee.
The financing is intended to support customers involved in trade with Italy, including their financing needs.
SACE said the deal would support exports by more than 100 Italian companies, including small and medium-sized businesses.
VakıfBank said its new funding from abroad in 2026 had reached $9 billion.
- Who
- VakıfBank secured the loan from ING Germany, with a guarantee from Italy’s export credit agency SACE.
- What
- A €200 million loan with a 10-year term and a 95% SACE guarantee.
- When
- Reported on 13 October 2026. The deal date was not stated.
- Where
- The financing is intended to support trade between Türkiye and Italy.
- Why
- To help meet financing needs for customers trading with Italy and support Italian exports.
This story does not have two clearly opposing sides.
ING and VakıfBank completed their first SACE-guaranteed financing.
VakıfBank said it had obtained $2 billion in new funding under guarantees from international institutions.
Dünya reported that VakıfBank had secured €200 million in 10-year financing from ING Germany, backed by SACE.
- Loan amount
- €200 million
- Term
- 10 years
- SACE guarantee
- 95%
- Lender
- ING Germany
- VakıfBank’s new foreign funding in 2026
- $9 billion
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What people are saying
The total amount of new resources we obtained from abroad in 2026 reached 9 billion dollars.
As Italy's export credit agency, together with VakıfBank and ING, we are facilitating access to medium- and long-term financing for importers in Türkiye, strengthening commercial ties between Italian exporters and local partners, and creating new opportunities for trade and cooperation between the two countries.
Within the framework of our long-standing strong cooperation with VakıfBank, at ING we continue to play an active role in the export finance market while continuing to offer innovative and long-term financing solutions tailored to our customers' needs.