Turkish Bank borrows $100 mln from World Bank

The World Bank signed 100 million USD loan agreement with the Development Bank of Turkey, a bank statement said.

Turkish Bank borrows $100 mln from World Bank

 

The World Bank signed 100 million USD loan agreement with the Development Bank of Turkey, a bank statement said on Tuesday.

The Development Bank of Turkey released a statement in which it said it acquired 100 million USD of loan from the World Bank to support small and medium scale enterprises.

The long-term loan will be granted with a composite interest.

The Development Bank of Turkey has provided 230 million USD of loan from the World Bank for renewable energy and energy efficiency investments since 2004.

With this recent agreement, the amount of loan the World Bank has granted to the Development Bank of Turkey reached 330 million USD.

The Development Bank of Turkey aims to increase employment, income and welfare.
 

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Güncelleme Tarihi: 06 Temmuz 2010, 16:15
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