EBRD agrees $100m Turkish SME financing loan to Yapi Kredi

Region:

Europe

Turkish businesses hit by the economic impact of COVID-19 will benefit from increased access to finance after lender Yapi Kredi signed a $100 million loan with the European Bank for Reconstruction and Development.

Yapi Kredi will on-lend the EBRD funds to companies across Turkey, with a focus on small and medium-sized enterprises. In parallel with the EBRD loan, Yapi Kredi has mobilised additional financing worth $198.5 million and €534.6 million from international commercial banks.

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