Odeabank has signed a 60 million Euro credit agreement with European Bank for Reconstruction and Development (EBRD). The credit will be used to meet investment needs of small and mid-sized companies.

Odeabank, the young and innovative player in the Turkish banking sector, has signed a 60 million Euro credit agreement with European Bank for Reconstruction and Development (EBRD). The credit with a 5-year term and no repayment in the first 2 years will be fully used to finance the investment needs of small and mid-sized businesses.

First collaboration with EBRD

Odeabank General Manager Hüseyin Özkaya, evaluating the credit agreement, said that the agreement signed with European Bank for Reconstruction and Development (EBRD) is a major indication of confidence in Odeabank. He added: “We will continue to support the investment needs of small and mid-sized businesses in line with our collaboration with EBRD.”​​