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Development Bank of Turkey will allocate 80 million Euros to support SMEs
 
Home Page \ Kalkınma News \ Development Bank of Turkey will allocate 80 million Euros to support SMEs

Development Bank of Turkey will allocate 80 million Euros to support SMEs


Development Bank of Turkey and Council of Europe Development Bank (CEB) signed a new loan agreement on December 19, 2013 regarding the financial support of SME investments located in Turkey throughout wholesale banking.

The loan amount, 80 million Euro, provided under repayment guarantee of the Republic of Turkey Undersecretary of Treasury, will used by leasing firms for productive investment projects in SMEs located in Turkey to promote job creation and preservation. The planned investments are productive investments focused on SME fixed asset investments in a wide range of sectors such as manufacturing/machinery, construction, agro-industry, tourism, trade and logistics. The Project is expected to benefit more than 150 SMEs and contribute to the creation and/or preservation of more than 8,000 employment.