Garanti secured €50 million subordinated loan
Garanti secured €50 million subordinated loan
On February 16th 2009, GarantiBank secured a € 50 million subordinated loan from Proparco (Societe de Promotion et de Participation pour la Cooperation Economique S.A.), a company of the French Development Agency Group (AFD). The purpose of this loan is to foster the development of renewable energy, energy efficiency and industrial pollution abatement projects in Turkey.