Credit Ratings

JCR Eurasia Rating has affirmed Ekspo Faktoring A.Ş.'s Long-Term National Institution Credit Rating at 'AA (tr)'. The Short-Term National Institution Credit Rating has also been affirmed at 'J1+ (tr)', with a 'Stable' outlook. The Long-Term International Foreign and Local Currency Institution Ratings and outlooks are affirmed at 'BB/Stable'. The Long-Term National Issuance Rating and outlook were set at 'AA (tr) / Stable', and the Short-Term National Issuance Rating and outlook at 'J1+ (tr) / Stable'.

Since 2000, Ekspo Faktoring A.Ş. has been offering domestic clients trade financing, export/import factoring, and re-factoring services. The company holds a well-established presence in the Turkish factoring sector, which is known for its fragmented and dispersed structure. The market is predominantly led by subsidiaries of banks. The sector is regulated by the Banking Regulation and Supervision Agency (BRSA), and participants are members of the Financial Institutions Association, which encompasses factoring, leasing, and consumer finance companies.

Ekspo operates with a solid equity base, significantly above the minimum capital requirements mandated by the BRSA. The company has agreements with international ECAs such as the U.S. Ex-Im Bank and the Black Sea Trade and Development Bank. The majority shareholder is the Tümay Family, all of whom have extensive experience in the financial sector.

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