The European Bank

European bank provides $50 mln in trade finance to Turkish lender

The European Bank for Reconstruction and Development (EBRD) provided $50 million in trade finance to the Türk Ekonomi Bankası (TEB).

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The facility, aiming to boost support for exporters and importers, will be channeled under the EBRD's Trade Facilitation Programme (TFP), according to a statement by the bank.

Delphi Forum- EBRD President: “For us Greece is a success story”

The European Bank for Reconstruction and Development (EBRD) is focusing on "green transition", starting in Eastern Europe and gradually moving to Turkey and other Mediterranean countries, said Odile Renaud-Basso, President of the Bank. 6th Delphi Economic Forum, which is under the auspices of the President of the Republic, Katerina Sakellaropoulou.

EBRD ramps up investment in Turkey amid pandemic

The European Bank for Reconstruction and Development (EBRD) on Jan. 14 said it has hiked its financial support to Turkey amid its fight against the COVID-19 pandemic.

"The Bank stepped up its financing in Turkey to €1.7 billion ($2 billion) in 2020 through 33 projects, from €1 billion in 35 projects in 2019," it said in a statement.

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