Important Facts of the News
- EBRD provides €25 million green loan to Burgan Bank Türkiye
- This is Burgan Bank Türkiye’s first green-linked financing
- Loan proceeds will fund projects in commercial, public, and residential sectors
- Transaction is part of EBRD’s Green Economy Financing Facility (GEFF) Phase II
- GEFF supports investments in energy efficiency, renewable energy, climate resilience, and green technology
- Burgan Bank Türkiye operates 28 branches across 13 industrial and trade regions
- EBRD has committed over €22 billion in Türkiye through 499 projects and trade finance since 2009
- Loan term is five years
EBRD Enables Burgan Bank’s First Green Financing
The European Bank for Reconstruction and Development (EBRD) has extended a €25 million green loan to Burgan Bank Türkiye, marking the bank’s inaugural venture into green-linked financing. This move is part of the second phase of EBRD’s flagship Green Economy Financing Facility (GEFF), aimed at supporting sustainable investments in Türkiye’s private sector.
Supporting Sustainable Projects Across Sectors
The funding will allow Burgan Bank to provide financing for a wide range of green economy initiatives across commercial, public, and residential sectors. GEFF prioritizes long-term investments in energy efficiency, renewable energy, climate resilience, and green technologies, thereby promoting Türkiye’s shift towards a low-carbon, sustainable economy.
Banking Network and Client Reach
Burgan Bank Türkiye serves its clients through 28 branches located across 13 industrial and trade regions. Its offerings cover corporate, commercial, and digital banking services, ensuring that the green financing reaches a diverse portfolio of clients and projects.
Statements from Leadership
Oksana Yavorskaya, EBRD’s Deputy Head in Türkiye, emphasized the importance of green financing, stating that the partnership with Burgan Bank Türkiye will contribute significantly to the country’s climate goals and sustainable growth.
Murat Dinç, CEO of Burgan Bank Türkiye, expressed enthusiasm for the collaboration, highlighting that the €25 million, five-year financing agreement under GEFF will support companies working on energy efficiency and renewable energy initiatives. He also noted that the partnership would enhance the bank’s customer portfolio while reinforcing its commitment to fostering a green economy.
EBRD’s Longstanding Role in Türkiye
The EBRD has been a major investor in Türkiye since 2009, committing over €22 billion through 499 projects and trade finance arrangements. Its focus remains on bolstering the private sector and driving sustainable economic growth across the country.
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