Turkey's TSKB obtains 60 mln euro AFD loan to back tourism, green energy projects

ISTANBUL (Turkey), October 3 (SeeNews) – Turkish investment and development bank Turkiye Sinai Kalkinma Bankasi [BIST:TSKB] said on Thursday it has signed a 60 million euro ($76 million) loan agreement with French development agency AFD.

The Turkish bank will use the loan to finance sustainable tourism investments in certain tourism regions of Turkey and renewable energy investments of companies that operate in Turkey, it said in a bourse filing.

TSKB is 50% owned by Turkiye İs Bankası Group, or Isbank, and 39.2% is a free float on the Istanbul stock exchange.

($ = 0.791 euro)

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