Garanti signed €50 million loan agreement with EBRD
Garanti signed €50 million loan agreement with EBRD
Garanti Bank has signed a credit agreement with the European Bank for Reconstruction and Development (EBRD) for a facility of EUR 50 million. The facility, which is comprised of 3 tranches, will be onlent to small-sized enterprises. EUR 23.4 million of the facility is funded from EBRD's own sources and has a maturity of 5 year while EUR 14.5 million of the facility is funded by the Netherlands Development Finance Company (FMO) with a maturity of 3 years. EUR 12.1 million of the facility is provided by a group of 6 banks from 4 countries with a maturity of 1 year.