TuranBank Receives Credit Line from Reputable International Financial Institution
TuranBank and ECO Trade and Development Bank (ETDB) have renewed a USD 2 million Short Term Trade Finance (STTF) Agreement to support financing of international trade operations. The attracted funds will allow TuranBank to further expand its import and export operations. .
It should be noted that the agreement signed with ETDB is for financing short term trade finance transactions. In previous years, our Bank has attracted funds from ETDB to support the competitiveness of small and medium enterprises (SMEs) and to foster trade transactions.
ETDB is an international financial institution having membership of Azerbaijan, Turkey, Iran, Pakistan, Afghanistan and Kyrgyzstan. The ETDB supports sustainable economic development in the member states by providing financial and technical facilities in various sectors.
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