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Halkbank to offer 300 mln euros in loans for SMEs
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Halkbank, one of Turkey's leading public banks, is planning to extend some 300 million euros in loans to small and medium-sized enterprises (SMEs) in Turkey. In a written statement to the İstanbul Stock Exchange (İMKB) on Thursday, Halkbank said they were continuing talks with the European Investment Bank (EIB) for a 300 million euro loan that they will extend to Turkish SMEs.
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The two sides expect to agree on the amount of the loan and repayment conditions on June 8, after which Halkbank will announce the details, the statement said. Halkbank has accelerated efforts to help heal the wounds of Turkish SMEs amidst the global financial crisis. In cooperation with the Turkish Union of Chambers and Commodity Exchanges (TOBB), Halkbank has extended some TL 1.5 billion in loans to SMEs in Turkey. TOBB contributed TL 100 million, with Halkbank adding another TL 1.4 billion, and small companies took out loans from the resulting pool of money.
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