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Turkey

Turkey's Treasury guarantees 100 mln euro CEDB loan to Ziraat Bank

Dec 18, 2014, 6:12:48 PMArticle by Yurkie Ali
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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).

Turkey's Treasury guarantees 100 mln euro CEDB loan to Ziraat Bank

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)

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