As well as providing loans to private sector companies, EIB also supported the enlivening small and medium scale enterprises (SMEs) in Turkey, Simsek said at a joint pres conference with EIB' President Philippe Maystadt in Istanbul.
Simsek said EIB started its operations in
He said 5.3 billion euros of this was in the form of direct loans while the rest was provided to private sector companies through banks.
EIB showed the importance it attached to cooperation with
Simsek said they opened EIB's office in
He said the opening of EIB's offices in
European Investment Bank President Philippe Maystadt said that his bank would grant 2.2 billion euros of loans to
Maystadt also said that Turkish economy was much more resistant to external shocks than the past, adding that it would be less affected by the global financial turmoil when compared to other countries in the region thanks to Turkey's strong banking system and public finance.