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Financials

Turkey's Ziraat Bank signs $600 mln credit deal with China Development Bank

ISTANBUL, Dec 14 (Reuters) - Turkey’s state lender Ziraat Bank signed a $600 million credit agreement with China Development Bank, the Turkish bank said on Thursday.

In a stock exchange filing, the bank said it agreed for the first $200 million tranche of the loan initially and it plans to use the remainder of the credit in the first quarter of 2018. (Reporting by Ezgi Erkoyun; Editing by Daren Butler)

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