Ankara: Trkiye has secured funding of £500 million ($587.3 million) from the Asian Development Bank (ADB) for exporters affected by the February 2023 earthquakes in the country's southeast, according to the Treasury and Finance Ministry. The financing will be used by the country's official export credit agency, Turk Eximbank, to meet the financial needs of exporters operating in the earthquake-stricken zone.

According to Anadolu Agency, additional financing of £150 million ($176.1 million) and $150 million was also secured from the Asian Development Bank to be used by the Trkiye Development and Investment Bank. This funding is aimed at post-earthquake recovery, renewable energy investments, and providing cost-effective capacity-enhancing resources.

The total earthquake financing Trkiye secured from the ADB totaled around $1 billion, including the £150-million financing provided to the Ankara-based investment bank Ilbank on November 12, 2025. Approximately $8.4 billion in external financing has been secured for the earthquake-stricken region in the country's southeast since 2023.

Turkish Treasury and Finance Minister Mehmet Simsek stated that Ankara secured a total of $16.5 billion in external financing with favorable terms this year. "Trkiye broke a record in external financing thanks in part to the confidence in its economic program," he said. "This financing will make contributions in revitalizing economic activity in the affected region, supporting sustainable growth, and boosting production capacity. We continue our work to help heal the earthquake-stricken region and will continue to secure long-term and favorable resources for our affected businesses and for the development of the region," he added.