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Türk Eximbank obtained a loan from AKKB

A loan agreement was signed between Turk Eximbank and the Council of Europe Development Bank (AKKB).

According to the statement made by the bank, Türk Eximbank signed a loan agreement with the Council of Europe Development Bank for a maximum 7-year term resource of 150 million Euros, under the guarantee of the Ministry of Treasury and Finance.

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Ali Güney, General Manager of Türk Eximbank, said, “The mentioned resource will be used in attractive conditions for the financing of fixed capital investments and working capital needs of micro, small and medium-sized enterprises with less than 250 personnel for export and foreign exchange earning services. It is aimed that 53 million euros will be used by private sector SMEs that support women’s participation in the workforce.

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