(ECO) TURKISH BANK SIGNS LOAN AGREEMENT WITH FRENCH AGENCY.ISTANBUL, Jul 9, 2009 (TUR tur: see ibex. ) -- A Turkish bank signed a loan agreement with a French agency, a bank statement said on Thursday. Turkey's Sekerbank signed a 10 million Euro loan agreement with French Development Agency (AFD AFD Area Forecast Discussion (US National Weather Service) AFD Agence Française de Développement (French Development Agency) AfD Articles for Deletion (Wikipedia) AFD A Few Days ). The bank will use the loan to finance small and micro enterprises. The French-state-promoted loan has 12 years of maturity, with grace period of four years. The AFD is a bi-lateral development finance institution established in 1941 that works on behalf of the French government. Its mission is to finance development according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. France's Overseas Development Assistance policies. AFD's activities are aimed at reducing poverty and inequalities, promoting sustainable economic growth, and protecting "Global Public Goods" of benefit to all humanity. Protecting Global Public Goods includes the fight against climate change and pandemics; the preservation of biodiversity; the promotion of social and environmental responsibility; as well as aid to countries weakened by strife, war and natural disasters. 55 years of experience and spread throughout Turkey via 250 branches, Sekerbank recorded a profit of 144 million Turkish liras (TL) in 2008. (One USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. is equal to 1.5600 TL) (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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