The European Bank for Reconstruction and Development is supporting Turkey’s transition to an environmentally sustainable, low-carbon and climate-resilient economy through new Green Economy Financing Facility in the country. Co-financed by EBRD and the Clean Technology Fund, Turkiye Sinai Kalkinma Bankasi will receive up to EUR 53.5 million loans, the first green credit line under the newly established GEFF Turkey.The new facility consists of concessional financing from the Clean Technology Fund and grants from the CTF and Turkey–EBRD Cooperation Fund. Through this loan, TSKB will extend green credit lines to companies to enhance their energy efficiency, renewable energy and climate resilience measures.In addition, TSKB will receive a technical assistance package to support its corporate climate governance (CCG) and on-lending practices. Technical assistance with regards to CCG will focus on practices and recommendations developed by the Task Force on Climate-related Financial Disclosures. TSKB is a long-standing EBRD partner bank and a listed private sector development and investment bank in Turkey.
The European Bank for Reconstruction and Development is supporting Turkey’s transition to an environmentally sustainable, low-carbon and climate-resilient economy through new Green Economy Financing Facility in the country. Co-financed by EBRD and the Clean Technology Fund, Turkiye Sinai Kalkinma Bankasi will receive up to EUR 53.5 million loans, the first green credit line under the newly established GEFF Turkey.The new facility consists of concessional financing from the Clean Technology Fund and grants from the CTF and Turkey–EBRD Cooperation Fund. Through this loan, TSKB will extend green credit lines to companies to enhance their energy efficiency, renewable energy and climate resilience measures.In addition, TSKB will receive a technical assistance package to support its corporate climate governance (CCG) and on-lending practices. Technical assistance with regards to CCG will focus on practices and recommendations developed by the Task Force on Climate-related Financial Disclosures. TSKB is a long-standing EBRD partner bank and a listed private sector development and investment bank in Turkey.
