Features

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
02 August 2013

DEG support for Turkish SMEs

Region:
Asia-Pacific, Europe
The German development bank - Deutsche Investitions- und Entwicklungsgesellschaft (DEG) has subscribed for bonds to the amount of TRY90 million ($39.7 million), issued by Turkey’s DenizBank, one of Turkey’s leading commercial banks. DenizBank will employ the funds for the long-term refinancing of loans to small and medium-sized enterprises in the agricultural sector, one of its key customer groups. This is the first time DEG has used such a financing mechanism to support SME’s in Turkey.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or take a free 14-day trial for selected news and newsletters

Free trial


You might also like


Perspective
20 February 2024

Biden takes a pause

The pause on permitting for some US LNG projects is causing a political stink. But beyond the screams from the fossil fuel lobbyists, what immediate impact on the US LNG...

Interview
20 February 2024

Corporate perspectives: Patience is a virtue for Elecnor's...

It’s still positive, and the benefits of the changes in the OECD Arrangement are already showing, says Angela Perez, head of structured finance at Spanish infrastructure and...