EBRD and Turkiye's TEB join forces in €100 million sustainability push
Turkey, Dec. 15 -- The European Bank for Reconstruction and Development (EBRD) is lending €100 million to Turk Ekonomi Bankas? (TEB) to support green investments in Turkiye. The financing, which comes under the EBRD's Green Economy Financing Facility II (GEFF II), will support on-lending to sub-borrowers investing in green economy projects.It marks the first green-focused transaction in a longstanding relationship between TEB and the EBRD. The transaction also builds on the EBRD's strategic objective of supporting the transformation of the financial sector to lead the transition to green, low-carbon economies. GEFF programmes work towards that goal by expanding financial opportunities for climate investments, supporting the provision ...
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