Akbank’s German subsidiary signs €173.5m loan

Akbank Garanti ATM Press Association 230x150
By Bianca Boorer
13 Nov 2017

Akbank AG, the Turkish bank’s German subsidiary, has signed a €173.5m syndicated loan with around 14 banks, according to a banker on the deal.

The bank had to launch the loan a little bit earlier than usual, at the end of October, to let the market know it was making a comeback after being absent for the last three years.

“Last year they could not come back because of the Turkish situation ...

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