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

By Gokhan Ergocun

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.

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