08.06.2009

TSKB secures 165 million EUR ‘SME Loan’ from European Investment Bank

TSKB, Turkey’s first private equity investment and development bank, signed a 165 million EUR loan agreement with the European Investment Bank, under the guarantee of the Turkish Undersecretariat of Treasury on June 8th 2009.

TSKB plans to use the 165 million EUR loan from the European Investment Bank to finance fixed capital investments and working capital needs of small and mid sized enterprises’ (SME) in Turkey..

The “SME Development Loan” agreement for the loan of 400 million EUR received by TSKB along with other intermediary banks under the guarantee of the Turkish Undersecretariat of Treasury from the European Investment Bank was signed in Istanbul on June 8th 2009.

Allocating a significant part of their financing volumes for SMEs, in line with the bank’s development banking mission, TKSB’s General Manager Halil Eroğlu said “TSKB’s support to SMEs in Turkey will increasingly continue with this 165 million EUR loan".

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