European bank provides green loans to Turkey's Garanti BBVA Leasing

European bank provides green loans to Turkey's Garanti BBVA Leasing

ANKARA

The European Bank for Reconstruction and Development (EBRD) on Nov. 22 provided a $25 million loan to Garanti BBVA Leasing for on-lending to eligible companies looking to invest in greater sustainability.

According to a statement by the European bank, the new financing for the leasing firm followed a previous EBRD loan of 270.5 million Turkish Lira (€50 million) which has been fully used, benefiting almost 600 companies.


The new loan is expanded under the third phase of the Turkey Sustainable Energy Financing Facility (TurSEFF) backed by technical cooperation funded by the EU and Turkey’s Ministry of Treasury and Finance.

The program enables financing of €400 million ($450 million) to commercial banks and leasing companies for on-lending to private sector small businesses as well as public sector beneficiaries for sustainable energy investments.

LATEST NEWS

  1. Labor unions visit parliament for minimum wage talks

  2. MHP announces resignations of three MPs

  3. Treasury raises $2.5 billion via lease certificate issuance

  4. Plan to renationalize UK railways gets green light

  5. ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif
Recommended

Treasury raises $2.5 billion via lease certificate issuance

Plan to renationalize UK railways gets green light

Central Bank once again keeps interest rate on hold at 50 pct

Turkish households solely powered by wind and solar

Consumer confidence weakens in November, shows TÜİK data

Number of EVs on Türkiye’s roads exceeds 150,000

Indian billionaire Gautam Adani charged with fraud
WORLD

ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

In a landmark move, the International Criminal Court on Thursday announced it had issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant over war crimes it accuses them of carrying out in Palestinian territories, including Gaza.

ECONOMY

Treasury raises $2.5 billion via lease certificate issuance

The Treasury and Finance Ministry has issued lease certificates in the international capital markets with a size of $2.5 billion and a maturity of 5.5 years.
SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.