TEB INKS USD 50M COOPERATION DEAL

Turk Ekonomi Bankasi (TEB) has signed a USD 50m cooperation agreement with the European Bank for Reconstruction and Development (EBRD). Thus, the EBRD will provide USD 50m in trade finance to TEB under its Trade Facilitation Program (TFP). Expanding foreign trade is a goal in the agreement. “Contributing to our country’s economy, standing by our customers and sustainable growth have been among our priorities during this period,” said Umit Leblebici, General Manager of TEB.