China Eximbank provides RMB 500 million loan to Ziraat Bank in Turkey (Linked to Record ID#96079, Record ID#96080)

¥500K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Türkiye Ziraat Bankası A.Ş. (Ziraat Bank)
Country	Turkey
Start Date	Mar 31, 2021
End Date	Sep 22, 2028
Duration	2,732 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`94391`

Grant Description

China Eximbank provides RMB 500 million loan to Ziraat Bank in Turkey On March 31, 2021, China Eximbank provided a RMB 500 million loan to Ziraat Bank, a Turkish state-owned bank.

This loan is part of a dual tranche loan agreement totaling USD 395 million, divided tranches of USD 320 million and RMB 500 million RMB (USD 75 million).

According to Ziraat Bank, the loans are intended to "diversify the resources obtained internationally in the medium and long term and increase financial cooperation in different geographical regions."

📚 Sources & References

Turkish state lender
China Exim Bank ink loan deal, 2021 INTEGRATED ANNUAL REPORT
About Ziraat
Turkish state lender
China Exim Bank ink loan deal Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.