Last Updated February 28, 2008
Agence Francaise de Developpement (AFD) has signed a 80mn loan for Turkey's Halkbank. The loan is intended to target Turkish small and medium-sized enterprises (SMEs) in less developed regions of the country.
AFD has previously worked with Halkbank, extending a 50mn credit line to the bank in 2006. Funds from this facility were used to support hundreds of SMEs in the Anatolia region and other priority regions.
Proparco, a subsidiary of AFD, has also signed a €
50mn credit line with Turkish bank Akbank in February. The loan will be used to finance the bank's SME clients.
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