Burgan Bank Turkiye goes green with EBRD backing
Turkey, Nov. 5 -- The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan for green financing to Turkiye's Burgan Bank, marking the latter's first green-linked financing.The loan comes under the second phase of the EBRD's flagship Green Economy Financing Facility (GEFF), and the proceeds will support Burgan Bank's evolving sustainability commitments by enabling it to finance green economy projects across the commercial, public and residential sectors.GEFF focuses on mobilising long-term financing to Turkiye's private sector via partner financial institutions to support investments in energy efficiency, renewable energy, climate resilience and green technology, thereby helping to drive the country's ...
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