Türkiye's Şekerbank signs $100 mln loan agreement with U.S.'s DFC for quake zone development
- Türkiye
- Reuters
- Published Date: 09:53 | 18 August 2023
- Modified Date: 01:54 | 18 August 2023
Türkiye's Şekerbank signed a $100 million loan agreement with U.S. International Development Finance Corporation (DFC) for development of the earthquake region, the bank said in a statement on Friday.
Şekerbank will also allocate $33 million from its own resources to increase the total amount to $133 million, the statement said.
The seven-year loan will also be used for financing women's businesses and small and medium-sized enterprises, it also said.
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