Turkey: EIB makes €100m to finance small firms

GMT 01:57 2015 Friday ,05 June

Arab Today, arab today Turkey: EIB makes €100m to finance small firms

European Investment Bank
Ankara - Anadolu

The European Investment Bank (EIB) has agreed to loan €100 million ($111 million) to the Industrial Development Bank of Turkey, the Turkish Treasury announced in a statement on Thursday.

The loan is to finance small- and medium-sized enterprises (SMEs) as well as medium-sized corporates.

The Industrial Development Bank of Turkey  will lend the funds to private-sector companies for projects that encourage innovation, the Treasury said.

The loan will be guaranteed by the Treasury.


Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab