Home Economy Turkey loans 50M EUR to BiH

Turkey loans 50M EUR to BiH


Turkey has agreed to supply a loan for 50 million euros (TL 144 million; $63.3 million) to support businesses in Bosnia and Herzegovina. The 10-year line of credit between Turkey’s Ziraat Bank and Bosna Bank International will assist small- and medium-sized enterprises, strengthen the country’s economy and open new employment opportunities.

Ziraat Bank General Manager Hüseyin Aydin said, “The new credit line will be [provided] to individuals, micro-operations and small- and medium-sized companies to increase trade and production with favorable interest or interest-free loans.” Commenting on the relationship between Turkey and Bosnia and Herzegovina, the Turkish ambassador in Sarajevo, Cihad Erginay, said, “This relationship gains its strength from commonly-shared values. Turkey itself wishes the same or even more for Bosnia and Herzegovina.”

Source: AA


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