​​Aktif Bank signed long term financing agreement with the Private sector arm of Islamic Development Bank (ICD).

​​Aktif Bank signed long term financing agreement with the Private sector arm of Islamic Development Bank (ICD)

Aktif Bank, the inventor of new generation banking, has signed long term loan agreement with private sector arm (ICD) of Islamic Development Bank to finance SME’s growth and investment needs. In accordance with this aggreement, Aktif Bank acting as a Wakeel of ICD, will provide financing facilities to SME’s projects and investments contributing to sustainable economic growth with maturities ranging up to three years.

“SME’s are the engines of the economy in emerging markets like Turkey”

During his speech at the signing ceremony, Aktif Bank’s CEO Dr. Önder Halisdemir said “We have undertaken an important partnership with Islamic Corporation for the Development of the Private Sector (ICD) in line with our regional banking strategy. SME’s are the engines of the economy in emerging markets like Turkey and the financing facilites offered by Aktif Bank with cost and maturity advantages will definitely enable SME’s to increase their competitiveness, to boost their production capacities on local and global scale, expand their network of logistic channels and also to invest in their R&D studies.”

“We see Aktif Bank as a trusted business partner”

ICD’s CEO Mr. Khaled Al Aboodi also gave a speech in the ceremony. “The rapid developments following Turkey’s membership to ICD in 2011, have reached to a new level with the Line of Financing facility granted for the country” he said. Khaled Al Aboodi stated that they see Aktif Bank as a trusted business partner in the region and continued as follows; “The MoU signed between our institutions in April,2012,paved the way for a fruitful relationship. Our relations with Aktif Bank got even stronger with this Line of Financing agreement."