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FinancialNews


  • 14-11-20

    USD561 mln syndication loan guaranteed by Turk Eximbank

    (MENAFN)

    According to Turkey's trade minister on Friday, Nov. 13, Turk Eximbank obtained a syndication loan worth USD561 million with a one-year maturity amidst the COVID-19 economic breakdown.

    The new financing was received from an association of banks, under the organization of Mizuho Financial Group, Inc., a Japan-based bank holding firm.

    Ruhsar Pekcan stated in a declaration, "the syndicated loan is a strong indicator of international markets' confidence in the Turkish economy and its banks."

    In order to help exporters and export-oriented small and medium-sized companies (SMEs) obtain funding, the loan offered amid the coronavirus is very essential.

    MENAFN14112020000045011361ID1101125377

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