€ 100 million loan by Council of Europe Development Bank to TSKB

Turkey’s first private development and investment bank, TSKB obtained a loan of € 100 million from the Council of Europe Development Bank (CEB) for supporting SMEs.

Adapting environment and sustainable banking concepts as a part of its management philosophy, the Industrial Development Bank of Turkey (TSKB) has obtained a funding of € 100 million from the Council of Europe Development Bank (CEB) for supporting SMEs. The loan is obtained with repayment guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

The loan is obtained for funding the investments of SMEs throughout Turkey for creating new employment opportunities or maintaining the existing employment and will be utilized through financial leasing companies under TSKB as APEX bank.