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FinancialNews


  • 29-05-19

    Turkey's TSKB seals USD112m funding deal with EBRD

    (MENAFN) Around USD112 million will be extended to support Turkish businesses under a deal sealed by the Industrial Development Bank of Turkey (TSKB).

    TSKB managed to secure the funding agreement with the European Bank for Reconstruction and Development (EBRD).

    Under the document, about USD56 million will be offered by the EBRD and the TSKB each for providing private industrial firms with lending packages.

    EBRD confirmed that it "will share the risk of up to 50% of each individual sub-loan provided to eligible businesses identified jointly by the two lenders."

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