ISTANBUL (Turkey), December 18 (SeeNews) – Turkey’s Treasury said on Thursday it has signed a guarantee agreement relating to a 100 million euro ($123 million) loan to local lender Ziraat Bank [BIST:TCZB] provided by the Council of Europe Development Bank (CEDB).
The Turkish state-controlled bank will use the loan to finance projects of micro, small and medium-sized enterprises, the Treasury said in a statement.
($ = 0.814 euro)