Turkey's Ziraat Bank secures $600M loan from China

Turkish state lender Ziraat signs deal with China Development Bank

Ersin Çelik

12:10 - 14/12/2017 Thursday

Update: 12:11 - 14/12/2017 Thursday

File photo

Turkey's Ziraat Bank announced on Thursday it has secured a $600-million loan agreement with China Development Bank (CDB).

The bank said an agreement had been signed for the first part of the three-year-term loan -- $200 million.

The rest of the loan --$400 million -- is planned for the first quarter of 2018, the bank stated.

#Chinese Development Bank

#loan

#Ziraat Bank

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