Business

Cooperation agreement between TEB and EBRD worth $50 million

The Turkish Economy Bank (TEB) signed a cooperation agreement worth $50 million with the new contract signed with the European Bank for Reconstruction and Development (EBRD). According to the statement made by TEB, the aim of the agreement is to ensure the continuity of foreign trade. TEB General Manager Umit Leblebici stated that various collaborations have been made with the EBRD to date, and said, “We continue to stand by our companies that contribute to the development of our country during the epidemic that affected our country as well as the whole world. With the new agreement we made with the EBRD, we will continue our support by meeting the needs of companies for foreign trade transactions.”

Source: Sabah / Translated by Irem Yildiz

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