The European Bank for Reconstruction and Development (EBRD) recorded a new milestone in Türkiye in 2025, investing €2.7 billion in the country, its highest annual investment to date once again making Türkiye the Bank’s largest country of operations in terms of annual volume. During the year, the Bank financed 54 projects, with 91 per cent of its investment directed toward the private sector. This record follows another strong year in 2024, when the EBRD invested €2.6 billion in Türkiye.
Elisabetta Falcetti, the EBRD’s Managing Director for Türkiye and the Caucasus, noted that the Bank’s 2025 activity reflected both the scale of Türkiye’s needs and the country’s long-term potential. She highlighted that the EBRD’s investments ranged from major private-sector transactions to focused support for decarbonisation, digitalisation and human capital. She added that the Bank’s ongoing earthquake-response work demonstrated its continued commitment to helping affected communities rebuild essential infrastructure, restore livelihoods and reinforce resilience. Falcetti emphasised that Türkiye remains a strategic priority for the EBRD and that the Bank will continue supporting its economic development.
One of the landmark transactions of the year was the €315 million syndicated loan to Fraport TAV Antalya, provided to refinance a short-term bridge loan. It was the Bank’s largest syndicated deal in Türkiye in 2025 and involved multiple international financial institutions alongside existing lenders. Responding to the severe impact of the February 2023 earthquakes in south-eastern Türkiye remained a central focus for the EBRD throughout 2025. The Bank has now exceeded its original commitment to the region, investing a total of €1.6 billion over the past three years. This support has covered a wide range of needs, including reconstruction, financing for small and medium-sized enterprises, and investment in critical public infrastructure.
As part of its ongoing earthquake response, the Bank provided €195 million for two major infrastructure projects in Adıyaman and Hatay. These included €95 million for new wastewater and stormwater networks and facilities in Adıyaman, and €100 million for the construction of the Arsuz sewerage network and the Üçgüllük wastewater treatment plant in Hatay. The EBRD also extended financing to Enerjisa Enerji to support reconstruction and modernisation of the electricity distribution grid in the earthquake-affected Toroslar region, along with the construction of new solar power plants.
Recognising the wider pressures created by population displacement, the Bank also supported cities indirectly affected by the earthquakes. It provided €45 million to the municipality of Mersin to help build new wastewater facilities needed to meet rising demand for public services. In 2025, 66 per cent of the EBRD’s total investment in Türkiye supported the country’s transition to a green economy, with strong emphasis on decarbonisation and renewable energy.
In addition, 61 per cent of investments promoted equal opportunities for women. The Bank contributed to several major climate-focused projects, including a US$ 200 million loan to Enerjisa Enerji Üretim to construct 250 MW of wind power plants in Muğla. This initiative also advanced the Just Transition agenda, with the company committing to establish an accredited training programme to help reskill coal-sector workers for careers in renewables, agriculture and tourism.
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