SUSTAINABLE DEVELOPMENT

SUSTAINABLE DEVELOPMENT

EBRD Provides US$58 Million Loan To Turk Ekonomi Bankasi

By Olga Rosca The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$58 million to Turk Ekonomi Bankasi A.S. (TEB) in support of local small businesses facing liquidity shortages due to the coronavirus pandemic. The EBRD funds will be on-lent as short-term capital and liquidity support to private companies with a special focus on small and medium-sized enterprises (SMEs) affected by a severe fall in demand. The new loans follows €1.7 billion(US$2.05billion) of investment provided by the EBRD for the Turkish economy in 2020,...
1 2 3 63
Page 1 of 63