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Turkey's Isbank gets 150 mln euro EIB loan to back sustainable communities

Author Yurkie Ali
Turkey's Isbank gets 150 mln euro EIB loan to back sustainable communities

ANKARA (Turkey), December 10 (SeeNews) - The European Investment Bank (EIB) is providing a 150 million euro ($206 million) loan to Turkish lender Isbank [BIST:ISATR] to finance projects of small and medium-sized enterprises and mid-caps with a focus on projects contributing to sustainable communities, the EIB said on Tuesday.

Isbank will use the loan to back small to medium-sized investments in energy efficiency, environment, protection against natural disasters, health and improvement of working conditions as well as legally required safety obligations, the EIB said in a statement.

($ = 0.727 euro)

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