Turkish SMEs boosted by EBRD loan to QNB Finans

Region:

Europe

The European Bank for Reconstruction and Development is providing a €25 million loan to Turkey's QNB Finans Finansal Kiralama to boost access to finance for small and medium-sized enterprises in the country.

The loan is extended under the third phase of the Turkey Sustainable Energy Financing Facility, which provides financing of €400 million to commercial banks and leasing companies for on-lending to private sector SMEs as well as public sector beneficiaries for sustainable energy investments.

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