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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

IDB to extend $100 mln in loans to Turkish exporters

Posted on 01 June 2009

From Todayszaman.com: The Islamic Development Bank (IDB) will extend some $100 million in loans with one-year terms to Turkish exporters that have experienced trouble as a result of the ongoing global financial crisis.

Officials from Turkey’s Eximbank informed the Anatolia news agency on Sunday that the IDB will give money to Eximbank, a bank formed with the aim of lending support to Turkish exporters. Eximbank will in turn extend the funds to exporters…….Full Article: Source

 
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