Turkey's TSKB secures 100 mln euro EIB loan for energy, environment projects

ISTANBUL (Turkey), December 30 (SeeNews) – Turkish investment and development bank Turkiye Sinai Kalkinma Bankasi [BIST:TSKB] said it has obtained a 100 million euro ($121.3 million) loan from the European Investment Bank (EIB).

The Turkish bank will use the loan, guaranteed by Turkey’s Treasury, to finance projects in the fields of renewable energy and energy efficiency and projects that substantially increase the environmental performance of industrial processes, TSKB said in a bourse filing on Monday.

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

($ = 0.824 euro)

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