The European Bank for Reconstruction and Development (EBRD) has announced a €50 million financing package for Garanti BBVA Leasing aimed at helping businesses across Türkiye invest in green technologies and strengthen their long-term resilience. The initiative is designed to improve access to sustainable financing, enabling companies to adopt energy-efficient, resource-saving, and climate-resilient solutions that can support both environmental and economic sustainability.
Of the total financing package, €47 million is being provided by the EBRD, while the remaining €3 million comes from the Taiwan International Cooperation and Development Fund (TaiwanICDF). The contribution from TaiwanICDF is intended to address affordability challenges that often prevent businesses from making long-term green investments, ensuring that sustainable technologies become more accessible to a wider range of enterprises.
The financing is being offered through the Türkiye Green Economy Financing Facility III (GEFF III) programme, which focuses on accelerating the country’s transition to a greener economy. Through this programme, businesses will be able to invest in projects that reduce energy consumption, lower greenhouse gas emissions, improve resource efficiency, and enhance their ability to withstand climate-related and economic disruptions.
Garanti BBVA Leasing, one of Türkiye’s leading leasing companies, will play a key role in distributing the financing. The company has an extensive presence across the country, including in regions that were severely impacted by the devastating earthquakes of February 2023. Recognizing the need for sustainable recovery in these areas, at least 30 percent of the financing will be allocated to green investments in earthquake-affected regions.
This support will help local businesses rebuild operations using modern, efficient, and environmentally responsible technologies, contributing to both economic recovery and long-term resilience.Commenting on the partnership, EBRD Deputy Head of Türkiye Oksana Yavorskaya said the project reflects the strong cooperation between the EBRD and Garanti BBVA Leasing.
She noted that the initiative combines green financing with targeted support for regions affected by the earthquakes, helping businesses not only recover but also adopt climate-friendly technologies that can strengthen their future competitiveness. According to her, the facility will encourage companies across Türkiye to invest in a cleaner, more resilient future.
Garanti BBVA Leasing General Manager Orhan Veli Çaycı emphasized that sustainability remains a central part of the company’s business strategy and a key priority for the wider Garanti BBVA Group. He stated that the new financing agreement further strengthens the company’s long-standing relationship with the EBRD and will help businesses accelerate their transition toward more sustainable operations.
By supporting investments in green and resource-efficient technologies, the financing will assist companies in reducing their environmental impact while becoming more resilient to future economic and environmental challenges. He also highlighted the importance of supporting the recovery and sustainable development of earthquake-affected communities.In addition to providing financing, the project includes a capacity-building component.
Garanti BBVA Leasing will introduce gender-focused initiatives and training programmes aimed at helping businesses develop green skills, improve technical expertise, and gain better access to innovative technologies. These measures are expected to strengthen the ability of borrowers to successfully implement sustainable projects and maximize the benefits of their investments.
The EBRD remains one of Türkiye’s largest international investors and development partners. Since beginning operations in the country in 2009, the bank has invested more than €23 billion, with the majority of its funding directed toward private-sector projects that support economic growth, innovation, and sustainable development.
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