EBRD lending $54 million to Turkey's Isbank

"The funds will be channelled to Turkish businesses experiencing temporary difficulties because of the coronavirus pandemic and in need of financing to overcome the crisis," the EBRD said in a statement on Tuesday.

The EBRD has invested over 1 billion euro in Turkey so far this year.

Since 2009, the EBRD has invested 12.4 billion euro through 311 projects in various sectors of Turkey's economy, almost all of which in the private sector. The EBRD’s 7 billion portfolio euro in Turkey is the largest among the 38 economies where it invests.

($ = 0.8472 euro)