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VakıfBank secures €200mn debt financing from ING Germany backed by Sace guarantee to support trade between Turkey and Italy.

PRIVATEOct 23, 2026

Amount Raised

€200 Million

Round Type

Debt Financing

TurkeyFinancial ServicesFinanceLendingBankingNon Profit

Investors

SaceING Germany

Description

VakıfBank has obtained €200 million in new debt funding from ING Germany, backed by a 95% guarantee from Italian export credit agency Sace. The 10-year facility is intended to finance Turkish customers' imports of goods and services from Italy. The transaction, closed last week, is expected to support trade finance access and strengthen economic relations between Türkiye and Italy. VakıfBank stated the deal will support its customers' foreign trade activities while contributing to Turkey's sustainable economic growth.

Quick answer

VakıfBank raised €200 Million in a Debt Financing round, dated October 23, 2026. Investors: Sace and ING Germany. VakıfBank is based in Turkey.

How much did VakıfBank raise?
VakıfBank raised €200 Million in a Debt Financing round on October 23, 2026.
Who invested in VakıfBank?
Sace and ING Germany are named as investors in this round.
What does VakıfBank do?
VakıfBank is a Turkish bank that provides trade finance and funding solutions to support customers' foreign trade activities and imports of goods and services.
Where is VakıfBank based and how big is it?
VakıfBank is based in Turkey.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as VakıfBank that raised within 45 days of this round, from Fundz verified event records.

  • Arka Fincap raised $85M on November 8, 2026.
  • Toronto-Dominion Bank raised $1.3B (Debt Financing) on November 4, 2026.
  • Bread Financial™ raised $5.8M (Series C) on November 3, 2026.
  • Bloquo raised $3.7M (Seed) on November 3, 2026.
  • Sterling Bank raised $30M on November 1, 2026.
  • Bank7 raised $72M on November 1, 2026.

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Company Information

Company

VakıfBank

Location

Turkey

About

VakıfBank is a Turkish bank that provides trade finance and funding solutions to support customers' foreign trade activities and imports of goods and services. The bank focuses on contributing to sustainable economic growth in Turkey by supporting the real sector through long-term international funding arrangements. VakıfBank works with international financial institutions and export credit agencies to facilitate trade between Turkey and other countries.

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