Şekerbank secures $170M syndicated loan led by FMO
What's the deal? Turkey's ŞekerbankDealroom has a profile for this one. Try Dealroom → has signed a syndicated loan agreement worth roughly $170 million, led by the Dutch entrepreneurial development bank FMODealroom has a profile for this one. Try Dealroom →. The facility carries a five-year maturity and drew participation from international development-focused financial institutions.
Why now? The agreement, disclosed in October 2026 through a filing with Turkey's Public Disclosure Platform, extends Şekerbank's access to long-term international funding. The five-year term gives the lender stable capital at a time when Turkish banks continue to tap development finance.
Who's behind it? FMO, the Dutch development bank, arranged the deal and brought in other development-oriented institutions as co-lenders. The involvement of such lenders typically ties funding to development objectives.
The signal: The $170 million facility marks a step up from Şekerbank's previous raise, a sign of growing lender confidence. Backing from development banks points to continued foreign appetite for financing Turkey's lenders despite a volatile economic backdrop.
Read more: borsatek.com
Image credit: guillenperez
