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

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.