Turkish development bank TKYB obtains $170mn loan from Japan Bank for International Cooperation

Turkish development bank TKYB obtains $170mn loan from Japan Bank for International Cooperation
By bne IntelIiNews March 30, 2021

Government-run Turkish Development and Investment Bank (TKYB/KLNMA) has obtained a $170mn and 12-year loan from Japan Bank for International Cooperation (JBIC), TKYB said on March 29 in a stock exchange filing.

TKYB previously obtained loans from JBIC in 2013 and 2015, its general director Ibrahim Oztop said.

TKYB’s total outstanding external loans stood at $4.76bn at end-2020.

Related Articles

Kuwait sovereign fund sues over London skyscraper that threatens light access

Kuwait's sovereign wealth fund has initiated legal action against one of the City of London's largest development projects, claiming the planned 36-storey tower will obstruct light to a building it ... more

Russian state VTB Bank to divest non-core assets

Russia’s second-largest bank state-controlled VTB plans to divest non-core assets unrelated to banking operations within the next five years, according to Interfax citing the bank's CEO, ... more

Azerbaijani banks report mixed financial performance in Q1 2025

Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more

Dismiss