FinanceTürkiye Official institution
Garanti Bank provided EUR 400 million in international financing
Turkey's Garanti Bank A.S. announced to the public that it had provided financing in the amount of EUR 400 million under the foreign borrowing program.
What does it mean?
The bank has secured a long-term external loan, guaranteeing its future payments, which means that 400 million euros of resources will come to the bank from abroad.
Who is affected?
Guarantee Bank shareholders and investors with a bond or debt relationship.