EBRD Provides €100M Loan To Türk Ekonomi Bankası For Green Investments Across Türkiye Under GEFF II Programme

The European Bank for Reconstruction and Development has provided a €100 million loan to Türk Ekonomi Bankası to support green investments across Türkiye. The financing is being extended under the EBRD’s Green Economy Financing Facility II and will be used by TEB to provide funding to sub-borrowers investing in projects that support the green economy. This transaction represents the first green-focused financing agreement between the EBRD and TEB, marking an important milestone in their long-standing partnership.

It also aligns with the EBRD’s broader strategy to help transform the financial sector so it can play a leading role in the transition to low-carbon and sustainable economies. Through the GEFF programmes, the EBRD works with local financial institutions to expand access to climate finance, enabling businesses to improve energy efficiency, adopt renewable energy solutions, and reduce carbon emissions. Türk Ekonomi Bankası operates a nationwide network of around 440 branches and employs approximately 8,000 people in Türkiye. The bank provides a wide range of financial services to retail, commercial, and corporate customers, as well as to small and medium-sized enterprises, making it well positioned to channel green financing to a broad base of clients.

Commenting on the agreement, the EBRD’s Deputy Head of Türkiye, Oksana Yavorskaya, said the loan supports TEB’s commitment to sustainable and inclusive finance and reflects a shared goal of building a resilient financial system that benefits both the economy and the environment. She added that the EBRD is pleased to support TEB as it expands sustainable financing activities in Türkiye.

Ömer Yenidoğan, Assistant General Manager for Corporate and Corporate Investment Banking at TEB, said the financial sector has an essential role to play in accelerating the transition to a low-carbon and inclusive economy. He noted that the facility demonstrates TEB’s ongoing commitment to helping its clients advance their green transformation through focused and effective financing solutions, and expressed satisfaction in further strengthening sustainable finance efforts in partnership with the EBRD.

Türkiye is one of the EBRD’s largest countries of operation. Since beginning its activities in the country in 2009, the Bank has committed more than €23 billion through around 500 projects and trade finance facilities, with the majority of investments directed toward the private sector.