Tuesday, 3 January 2012

Finance: EIB grants over 2 bln Euro loan to Turkey

02 January, 12:53

(ANSAmed) - BRUXELLES, JANUARY 2 - The European Investment Bank (EIB) provided Turkey with 2.043 billion euros of loan in 2011, as Anatolia news agency reports. The bank's loans to Turkey were up 5.6% year-on-year in 2011. The EIB gave the highest loan to Turkey's Ankara-Istanbul high-speed train project. The loan was around 400 million euros. Loans the EIB provided to Turkey in the last five years reached 11.5 billion euros.