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Thursday, February 28, 2008

EIB issues record high loan to Turkey

"EIB issues record high loan to Turkey
The European Investment Bank (EIB) granted 2.2 billion euros of loans which makes Turkey 7th country to borrow highest amount of money from the bank last year.

EIB issues record high loan to Turkey

Total amount of loans given by the bank to Turkey between 2003 and 2007 reached 6.2 billion euros considering 1.8 billion euros issued in 2006. As the bank's short-term perspective, EIB projects to offer nearly 2 billion euros of loans to Turkey each year until 2013, said Matthias Kollatz-Ahnen, vice president of the bank."

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