ISTANBUL - The Kocfinans of Turkey has obtained a club loan of nearly 100 million USD from international markets.
Speaking at the signing ceremony for the loan, Kocfinans CEO Rusdu Saracoglu said, "despite all fluctuations and difficulties, Turkey has achieved an unbelievable progress in its economy."
The loan obtained from a consortium of Ocel, ABN, AMRO Bank NV, Alpha Bank, Barclays Capital, BCP, Doha Bank, Emirates Bank, ICICI Bank Ltd., RZB and Standard Bank Plc. will be used to fund increasing volume of retail credits and to diversify the debt portfolio of the Kocfinans.