Xalq Bank took part in the project of syndicated lending to Ziraat Bank of the Republic of Turkey in the amount of 1.24 billion US dollars, which will be aimed at supporting gender equality in production in accordance with environmental, social and managerial criteria (ESG).
45 banks from 21 countries participated in the project. The participation of Xalq Bank in this project is of great importance from the point of view of strengthening interbank relations and ensuring sustainable development of cooperation with Turkey banks.
Sindicated lending is a financing tool offered by a group of creditors to allocate funds to the borrower.
Ziraat Bank – the largest state bank in Turkey, operating since 1863, has 111 offices around the world.
XALQ Bank, founded in 2004, is one of the top three of the largest private banks in Azerbaijan in the main financial and market indicators.