TSKB has obtained a EUR 100 million loan for SMEs from the European Investment Bank

The Industrial Development Bank of Turkey has obtained EUR 100 million of loan from the European Investment Bank (EIB). The loan will be used for the purposes of providing financing to SMEs and medium sized companies.

TSKB has obtained EUR 100 million of loan from the European Investment Bank (EIB), to be used in order to provide financing to the SMEs and medium sized companies in Turkey.

The facility, which is a continuation of the EUR 100 million loan acquired from the European Investment Bank in May 2015, will be used with a maximum term of 8 years, and has been guaranteed by the Office of the Undersecretary of the Treasury of the Republic of Turkey Prime Minister’s Office.

The Loan Agreement was signed by Pim van Ballekom, the Vice-President of the European Investment Bank, CEO Özcan Türkakın and Executive Vice President Çiğdem İçel, on behalf of TSKB.

Özcan Türkakın, the CEO of TSKB, who evaluated the loan acquired from the European Investment Bank, said, “We have been working in partnership with the European Investment Bank for more than 50 years. Recently this cooperation has concentrated more on the financing of SMEs and medium sized companies, and the themes of sustainable tourism, renewable energy and energy productivity. With the new loan agreement, which we have signed, we are extremely happy to be increasing the support we provide to our SMEs, which are the largest building block of the economy of Turkey.”