Ziraat Bank Took A Loan From Chinese Bank

Ziraat Bank took a loan from the Chinese bank. The bank reported that it received $ 400 million from Exim Bank of China.

Ziraat Bank announced that it obtained a loan of 400 million dollars from Exim Bank of China. Ziraat Bank made a statement to the Public Disclosure Platform (KAP). In the statement made by the bank to the KAP, it was stated that a cost-effective loan of 400 million dollars was received with the agreement signed with Exim Bank of China (The Export Import Bank of China). According to the statement made by the bank, the loan provided from Exim Bank of China in two separate tranches, 320 million USD and 500 million Chinese Yuan, will contribute to the increase and development of trade with local currencies. According to the reports, the loan, which will be used for the financing needs of companies that conduct foreign trade between China and Turkey, is another important milestone of the close cooperation with Chinese banks after the bilateral loan agreement of 600 million dollars signed with China Development Bank in 2017.   This article has contributions of Bloomberg HT.