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Investor Relations
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FinancialNews
04-07-20
Asian bank lends 500 million USD to Turkish banks
(MENAFN) The Asian Infrastructure Investment Bank (AIIB) supported 500 million USD in mortgages for the Development Investment Bank of Turkey (TKYB) and the Industrial Development Bank of Turkey (TSKB) to decrease the outcomes of the Coronavirus pandemic.
The banks stated in separate press releases that The AIIB decided 300 million USD mortgage to TKYB and 200 million USD to TSKB under the assurance of the Turkish Treasury and Finance Ministry.
The TKYB's shares of 99.08 percent are owned by the ministry, whereas TSKB is a privately-owned asset and development bank.
As of July 1, the entire figure of Coronavirus cases in Turkey arrived at 201,098, with 5,150 fatalities and 175,422 revivals.
MENAFN0407202000450000ID1100431265
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