Turkish, German lenders sign $1.9B loan deal
Turkish state-run lender Ziraat Bank signed a loan and funding agreement with Deutsche Bank that would provide €1.75 billion ($1.9 billion) of external financing with a maturity of up to five years, Azernews reports, citing Anadolu Agency.
In a statement, the Turkish bank said with the funding, it will continue to contribute to all sectors that are a priority for the economic development of the country, especially exporters.
The deal pointed to an improved investor perception and financing conditions as a result of the positive developments in the country’s economy, the bank said.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!