JSC Turan Bank attracted a loan of $2 million from ECO Trade and Development Bank for the financing of international trade transactions.
According to the information, "the funds raised under the credit agreement will help the bank to expand financing of import-export operations of the member countries and other countries, as well as to support international trade transactions of the clients."
This is not the first call of Turan Bank to ECO. Last year, the borrowing was $ 3,000,000 for a period of 4 years to expand the portfolio to finance small and medium-sized businesses.
Trade and Development Bank was founded by Iran, Pakistan and Turkey in 2005. The authorized capital is 300 million Special Drawing Rights (course today - 0.78 euro to 1 SDR).
JSC Turan Bank started operations in June 1992. Its shareholders are six entities (the share of 29.11%) and 22 individuals (70.89%). --17D-
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