banner595

EBRD lends $100 million in support of SMEs in central, eastern Anatolia

Istanbul, Oct 14 () - The European Bank for Reconstruction and Development (EBRD) has said it lent Turkey’s Finansbank $100 million to support small and medium-sized enterprises (SMEs) in the agricultural regions of Turkey in a written statement Oct....

EBRD lends $100 million in support of SMEs in central, eastern Anatolia

Istanbul, Oct 14 () - The European Bank for Reconstruction and Development (EBRD) has said it lent Turkey’s Finansbank $100 million to support small and medium-sized enterprises (SMEs) in the agricultural regions of Turkey in a written statement Oct....

14 Ekim 2015 Çarşamba 16:12
EBRD lends $100 million in support of SMEs in central, eastern Anatolia
banner587
banner605

Istanbul, Oct 14 () - The European Bank for Reconstruction and Development (EBRD) has said it lent Turkey’s Finansbank $100 million to support small and medium-sized enterprises (SMEs) in the agricultural regions of Turkey in a written statement Oct. 13.

“We are pleased to deepen our cooperation with Finansbank by providing this new medium-term funding to help the bank manage the maturity mismatch that remains a challenge for the Turkish banking sector and limits SME financing” said EBRD Director for Insurance and Financial Services Noel Edison.

With its financing, the EBRD will support SMEs in central and eastern Anatolia, according to the statement. Up to 40 percent of the funds will be channeled to agricultural lending as agribusiness remains one of the Turkish economy’s most important sectors, contributing 7.4 percent to the country’s GDP and comprising well over 20 percent of its active labor force.

To date, the EBRD has invested over 6 billion euros in Turkey through about 160 projects in infrastructure, energy, agribusiness, industry and finance. It has also mobilized over 12 billion euros for these ventures from other sources of financing.

(Photo)

Yorumlar
Avatar
Adınız
Yorum Gönder
Kalan Karakter:
Yorumunuz onaylanmak üzere yöneticiye iletilmiştir.×
<strong>Dikkat!</strong> Suç teşkil edecek, yasadışı, tehditkar, rahatsız edici, hakaret ve küfür içeren, aşağılayıcı, küçük düşürücü, kaba, müstehcen, ahlaka aykırı, kişilik haklarına zarar verici ya da benzeri niteliklerde içeriklerden doğan her türlü mali, hukuki, cezai, idari sorumluluk içeriği gönderen Üye/Üyeler’e aittir.

banner591

banner388