A NEW METHODOLOGY FOR CREDIT EVALUATION PROCESS OF TURK EXIMBANK

Authors : Füsun KÜÇÜKBAY, İsmail METİN

Pages : 122-130

View : 23 | Download : 8

Publication Date : 2019-12-31

Article Type : Research Paper

Abstract :Turk Eximbank is a strategic institute that promotes Turkey’s multinationalism. The most important aim of Turkish Eximbank is to support Turkish exports. The credit evaluation process is very important and troublesome for Turk Eximbank.   In this paper we aim to propose a credit evaluation methodology for Turk Eximbank. In this study we propose a credit evaluation methodology based on a Promsort method, in which companies are categorized in to groups according to their performances. The companies are grouped considering their sectorial divisions, their contributions to export and their financial performances. By that way Turk Eximbank can manage its credit allocation process more easily. By means of a real-case example, we demonstrate that our proposed method is useful for assessing credit allocation process. Credit evaluation process is a vital issue for all financial institutions. Unlike other financial institutions Turk Eximbank has to consider different criteria during credit allocation process. This article proposes a methodology that takes into consideration different criteria such as import/export ratio of companies rather than methods based solely on financial criteria. And the companies are categorized into groups that enables the credit evaluation process of Turk Eximbank
Keywords : Turk Eximbank, performance evaluation, credit application, promsort, international trade