23rd Dec 2008 15:04
RNS Number : 7100K
Turkiye Is Bankasi
23 December 2008
23.12.2008 20 mn Framework Agreement
A framework agreement was signed on 19.12.2008 between Isbank and KfW Entwicklungsbank as part of EU Small Enterprises Loan Programme - SELP II. Also a supplemental agreement was signed on the same date, within the context of the aforementioned framework agreement, for securing EUR 20 million with a term of four years. The loan will be used for SME financing. SELP II is financed by KfW, Council of Europe Development Bank (CEB), European Union and the Republic of Turkey.
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