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Turkey's Sekerbank gets $10 mln ETDB loan to back SMEs

Author Yurkie Ali
Turkey's Sekerbank gets $10 mln ETDB loan to back SMEs

ANKARA (Turkey), December 11 (SeeNews) - Turkey's Sekerbank [BIST:SKBNK] said on Wednesday it has signed an agreement for a $10 million (7.0 million euro) subordinated loan with the Turkish-based ECO Trade and Development Bank (ETDB).

Sekerbank said in a bourse filing it will use the 10-year loan to finance small and medium-size enterprises.

ETDB is a multilateral development bank established by Iran, Pakistan and Turkey in 2005.

($ = 0.725 euro)

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