Post Image
Sterling Bank has announced its acquisition of a $40 million facility from the Turkey EXIM Bank, ThisDay News reports. The facility grant was obtained upon the conclusion of a due diligence on Sterling Bank. According to Sterling Bank’s official statement, the facility is set to support trade businesses and projects in the country with Turkish origin. It will enable Nigerians currently in business partnerships with Turkish nationals to access finance for their businesses, particularly in the area of raw materials importation and production infrastructure. Sterling Bank was selected by Turkey EXIM Bank in acknowledgement of its major role in international finance and its reputation for supporting both local and international institutions. The Turkey EXIM Bank is a state-owned organisation with a role as the Turkish government’s major export incentive instrument.   Source: ThisDay News
You might also like:
This article was first published on 23rd November 2015

ify

Ify Halim is a Writer and media enthusiast based in Lagos. She enjoys writing self-help/inspirational articles with published work in UYD Magazine, Edufrica, Our Stories Inc. and The Keele Concourse. She currently works at ConnectNigeria.com, Nigeria’s Information Portal. Follow her on Twitter @MissHalim or visit her online space at ifyhalim.wordpress.com

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *