May 12, 2019 / 9:44 AM / 14 days ago

Turkey state banks to announce new loan package around May-June - Albayrak

ISTANBUL, May 12 (Reuters) - Turkey will announce a new loan package, with three state lenders, to support manufacturing and exporting sectors around May-June, Turkish Finance Minister Berat Albayrak said on Sunday.

Speaking to broadcaster CNN Turk, Albayrak said the borrowing package will include long-term, low-cost loans to support sectors which will reduce Turkey’s import dependency and increase production capacity. (Reporting by Ezgi Erkoyun; Editing by Toby Chopra)

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