Türk Eximbank gets $200 million loan from Chinese bank

ANKARA - Anadolu Agency

The China Development Bank provided a three-year loan of $200 million to Türk Eximbank to support efforts to boost Turkish exports, the state-owned Eximbank announced on July 26.

In a statement, Türk Eximbank said both banks also agreed to enhance cooperation in a variety of fields, including foreign trade and project finance. 

Türk Eximbank General Manager Adnan Yıldırım said the loan was in line with their strategy of diversification of their funding opportunities and increasing mid-to-long term credit portfolio.  
     
The amount of overseas funds received by Eximbank, including the $200 million loan, reached $2.1 billion during the first seven months of 2017, the statement added.