DBT to allocate Euro 80M to support SMEs

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The Development Bank of Turkey (DBT) and the Council of Europe Development Bank (CEB) signed a new loan agreement regarding the financial support of SME investments located in Turkey through wholesale banking. The loan amount, Euro 80 million, provided under repayment guarantee of the Republic of Turkey Undersecretary of Treasury, will be used by leasing firms for productive investment projects in SMEs located in Turkey to promote job creation and preservation. The planned investments are productive investments focused on SME fixed asset investments in a wide range of sectors such as manufacturing/machinery, construction, agro-industry, tourism, trade and logistics. The project is expected to benefit more than 150 SMEs and contribute to the creation and/or preservation of more than 8,000 jobs.

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