Ticker	Volume	Price	Price Delta
DJIA	15,354.40	+121.18	0.80%
S&P 500	1,667.47	+17.00	1.03%
Nasdaq	3,498.97	+33.72	0.97%

Ticker

Volume

Price

Price Delta

DJIA

15,354.40

+121.18

0.80%

S&P 500

1,667.47

+17.00

1.03%

Nasdaq

3,498.97

+33.72

0.97%

Ticker	Volume	Price	Price Delta
STOXX 50	2,806.40	-11.59	-0.41%
FTSE 100	6,711.68	-11.38	-0.17%
DAX	8,412.63	+14.63	0.17%

Ticker

Volume

Price

Price Delta

STOXX 50

2,806.40

-11.59

-0.41%

FTSE 100

6,711.68

-11.38

-0.17%

DAX

8,412.63

+14.63

0.17%

Ticker	Volume	Price	Price Delta
Nikkei	15,360.80	+222.69	1.47%
Hang Seng	23,493.00	+410.35	1.78%
S&P/ASX 200	5,209.04	+28.26	0.55%

Ticker

Volume

Price

Price Delta

Nikkei

15,360.80

+222.69

1.47%

Hang Seng

23,493.00

+410.35

1.78%

S&P/ASX 200

5,209.04

+28.26

0.55%

Turkey’s Garanti Loaned $400 Million by U.S. Development Bank

By Mark Bentley & Sibel Akbay - 2012-08-24T12:32:38Z

Turkiye Garanti Bankasi AS (GARAN), Turkey’s biggest bank by market value, borrowed $400 million from the Overseas Private Investment Corporation, the development-finance arm of the U.S. government.

The loan is over a 14-year period and will be used to finance small-and-medium sized enterprises, the Istanbul-based lender said in a filing today.

“Garanti has become the Turkish institution receiving the highest amount in loans from OPIC with this latest transaction,” Deputy Chief Executive Officer Ali Fuat Erbil said. “We worked on our own and didn’t require the help of a foreign bank on this and that is a first in Turkey.”

Garanti is 25 percent owned by Banco Bilbao Vizcaya Argentaria SA (BBVA) of Spain. The Turkish bank’s shares were unchanged at 7.66 liras at 3:04 p.m. in Istanbul trading today.

To contact the reporters responsible for this story: Sibel Akbay at sakbay@bloomberg.net or Mark Bentley at mbentley3@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net or

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