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Ziraat Bank inks credit agreement with China Development Bank

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Ziraat Bank inks credit agreement with China Development Bank

Turkish state-owned lender T.C. Ziraat Bankasi AS agreed to the terms of a $600 million loan from China Development Bank, Reuters reported Dec. 14, citing the bank.

Under the credit agreement, Ziraat Bankasi will initially borrow $200 million and utilize the rest of the facility in the first quarter of 2018, according to the report.