Akbank According to its statement to the Public Disclosure Platform, it has received a total of more than $630 million in loans from international markets. More than 280 million of this was bought in dollars, and more than 340 million in euros
After the syndication loan received, Akbank General Manager Hakan Binbaşgil drew attention to the economic negative effects of the coronavirus epidemic. Emphasizing the liquidity shortage especially in terms of dollars and euros, Binbaşgil said that with the 700 million dollar loan, the syndication market was reactivated and activated.
On the other hand, Akbank added the “accordion” feature, taking into account the process experienced in the banking sector, which suffered one of the biggest blows due to the covid-19 epidemic. In this way, banks that wanted to enter syndication but could not complete the loan procedure due to time constraints were also given the opportunity to participate in the transactions.
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