Güncelleme Tarihi:
According to the loan agreement, Turkish companies could apply for loans to facilitate export activities, as well as for importing from ECO-member countries, spokesman for ECO told Hurriyet Daily News Online in a phone interview.
The spokesman declined for reasons of confidentiality to release details of the loan amount at the time of the interview.
It is expected that the bank will continue to sign such agreements with the other financial institution operating not only in
The “Short Term Trade Finance Facility” has been structured and approved by the Board of Directors at the 14th Board Meeting, held on Sept. 25, 2008 to provide the necessary support to the local companies of ECO-member countries, the statement said.
The ECO was established in 1985 by
In 1992, the bank was expanded to include seven new members, including