Economy
Turkey's Ziraat Bank secures $600M loan from China
Turkish state lender Ziraat signs deal with China Development Bank
14.12.2017 - Update : 14.12.2017
file photo
By Gokhan Ergocun
ANKARA
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.
