AKBANK RECEIVES USD 100M FINANCE

Akbank has inked a USD 100m finance deal with the Asian Infrastructure Investment Bank (AIIB), according to a statement from the bank. The 7-year maturity resource will be used to meet the capital and liquidity needs of SMEs adversely affected by the C•VID-19 outbreak. With this agreement, Akbank has become the first Turkish deposit bank provided finance by the AIIB, according to Levent Celebioglu, Corporate and Investment Banking Assistant General Manager of Akbank. “This resource to pave the way for new employment opportunities will positively affect the resilience of our companies against crises. With this agreement, we increased sustainability-themed funding provided in the recent year over USD 1.7bn,” he said.