IFC Approves $30 Million Loan to Garanti’s Romanian Unit

Feb. 23 (Bloomberg) -- The International Finance Corporation, the World Bank’s investment arm, approved a 22.5 million-euro ($30 million) loan to the Romanian unit of Turkiye Garanti Bankasi AS to finance small- and medium-sized business managed by women, the IFC said in a statement today.

Turkiye Garanti Bankasi is Turkey’s biggest listed bank by market value.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net