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Development Bank of Turkey Received 220 Million USD Long Term Loan
 
Home Page \ Kalkınma News \ Development Bank of Turkey Received 220 Million USD Long Term Loan

Development Bank of Turkey Received 220 Million USD Long Term Loan


Development Bank of Turkey and Undersecretariat of Treasury signed a loan agreement about the fund provided from Islamic Development Bank (ISDB) to finance renewable energy and energy efficiency investments in our country. The long term loan amount 220 Million USD provided as ristricted mudarabah method from ISDB, will be used for the renewable energy and energy efficiency investments objecting environmental benefits, preventing climate change and reducing greenhouse gas emissions.

Acting General Director Metin Pehlivan expressed that Development Bank of Turkey has been maintained successful cooperation with ISDB from the year of 2000. As the first Bank wich disburses the ISDB funds in Turkey, Development Bank of Turkey will disburse this fund opportunity in the most efficient way. With the leader role and the experience of Development Bank of Turkey at financing renewable energy and energy efficiency, our Bank will maintain to support these kinds of investments that reduce exterior dependency of our country and current account deficit.

There had been a remarkable increase at source volume and diversity of the Bank, the long term loan provided from foreign sources reached a record amount of 1,83 billion TL solely in 2013 said Metin Pehlivan. He pointed out that the Bank will maintain to support the investors by the new loans at the sectors of manufacturing industry, tourism, health, education, renewable energy and energy efficiency as in the past.