Turanbank Receives Second Tranche of International Credit Lines to Small Business Development in Regions
JSC Turanbank intends to get a second tranche of the loan from the International Finance Corporation (IFC). Recall, half of the funds under the agreement in the amount of $ 7 million for 5 years has been already obtained for the financing of micro, small and medium enterprises (MSME). The agreement was signed on 22 December last year.
According to the information of the bank, it is not the first seven-million agreement between the Bank and IFC. In 2011, a similar agreement was signed, the terms of which are made by 100%.
The press service of the bank notes that these funds are intended for the development of business not only in the capital but also in regions of the country.
JSC Turanbank with a registered capital of 50,002,470 manat was established in June 1992. Its founders are 6 legal entities and 22 individuals. It has 15 branches and 6 offices. --17D-
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