IHA00676B3-EKO/06-TEM-00FC-073A
- World Bank Signs $500M Loan Deal With Turkish Banks
ISTANBUL (IHA) - The World Bank has signed loan deals worth $500 million with banks in Turkey for the financing of a small and medium-size company project, the Turkish treasury said Tuesday.
In a statement, the treasury said the World Bank has signed a $100 million loan deal with state development bank Turkiye Kalkinma Bankas1 AS, a $200 million loan deal with Turkish state-owned lender Ziraat Bankasi and a $200 million loan deal with public lender Vakiflar Bankasi TAO (VAKBN.IS).
The loans will be used to finance the investment, working capital and leasing needs of small and medium-sized enterprises.
(YC-YC-E-ENG)
06.07.2010 16:29:59 TSI
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