Turkey's Yapi Kredi bank secures $1.35B loan

By Gokhan Ergocun

ANKARA

Turkey’s Yapi Kredi bank secured a $1.35 billion multi-currency syndicated loan on Tuesday.

The loan will be used in foreign trade financing, the bank said in a statement.

The loan was signed with the participation of 37 banks from 17 countries, under the coordination of Bank of America Merrill Lynch International and ICBC Turkey.

The bank's CEO Faik Acikalin said: "This syndicated loan is an important indicator of confidence in Turkish economy and Yapi Kredi."

Turkey's Yapi Kredi bank secures $1.35B loan

Turkey's Yapi Kredi bank secures $1.35B loan

EU stops natural gas sales to North Korea

Turkey's Zorlu to focus on Asian, Middle East markets

LATEST NEWS

Russia’s international reserves fall to $749B in March

Moscow has received ‘huge’ number of requests for energy supplies: Kremlin

Türkiye, Jordan, Syria sign trilateral deal on transport to boost regional trade

Oversupply pushes Belgium industrial potato prices to zero

OECD consumer inflation falls in February

2 killed as airstrike hits railway bridge in central Iran

Japan's parliament adopts record $767B budget after delay by snap elections

LATEST NEWS

Russia’s international reserves fall to $749B in March

Moscow has received ‘huge’ number of requests for energy supplies: Kremlin

Türkiye, Jordan, Syria sign trilateral deal on transport to boost regional trade

Oversupply pushes Belgium industrial potato prices to zero

OECD consumer inflation falls in February

2 killed as airstrike hits railway bridge in central Iran

Japan's parliament adopts record $767B budget after delay by snap elections

EU stops natural gas sales to North Korea

Turkey's Zorlu to focus on Asian, Middle East markets

RELATED NEWS

Italy's UniCredit set to stay in Turkish market

Turk Eximbank secures €186M in syndicated loans

Turkey's Akbank secures $1.15B loan for 2017

Turkey's Vakifbank secures $891 million loan

Turkey's Isbank secures $1.1B loan

Turkey's Yapi Kredi Bank selling subsidiary in Russia

Turkey's Akbank gets $2B in financing

Turk Eximbank secures $670M syndicated loan

Turkey’s 7 largest banks have enough foreign currency: Fitch

Exhibit focuses on Istanbul through archive of 3 generations of artists