EDC Finances Turkey’s AkLease to Create Opportunities for Canadian Equipment Makers

(Marketwired, Ottawa, 26 March 2014) - Export Development Canada (EDC) today announced that it has provided a USD 10 M line of credit to Turkish leasing company Ak Finansal Kiralama (AkLease), which will be used to provide financing to Turkish companies leasing equipment from Canadian manufacturers. "EDC's partnership with AkLease is about making it easier for Canadian companies to win new equipment leasing business in the booming Turkish market," said Zenon Woychyshyn, EDC's Chief Representative in Turkey. "EDC has been working with AkLease and their customers for many years, and we see this formal financing agreement as the next logical step in connecting Canadian equipment with new Turkish buyers."