European Investment Bank to provide Turkey €2.6 bln-loan

European Investment Bank will provide up to 2.6 billion Euro in loans to Turkey in 2010, more than its target of 2 billion.

European Investment Bank to provide Turkey €2.6 bln-loan

European Investment Bank will provide up to 2.6 billion Euro in loans to Turkey in 2010, more than its target of 2 billion.

EIB Vice President in charge of financing operations in Croatia and Turkey Matthias Kollatz-Ahnen told AA that they reduced the share of SMEs in loans provided to Turkey, giving more weight to renewable energy projects and infrastructure projects of municipalities.

Kollatz-Ahnen said banks in Turkey did not run into difficulties due to the global financial crisis, noting that this was a major advantage.

He said they urged Turkish banks to provide more loans to the real sector.

Kollatz-Ahnen said the recovery of the Turkish economy would continue with greater speed underlining that the recent upgrade of Turkey's credit rate by international credit rating agencies was no coincidence.

"Turkey's economic stability, a positive impact on its region, will continue ," said Kollatz-Ahnen.

EIB which began its financing operations in Turkey since 1965 has provided 10.2 billion Euro to Turkey in loans in the last decade.


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Last Mod: 26 Şubat 2010, 08:46
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