EBRD backs DeFacto's supply-chain transformation in Turkiye
Turkey, Nov. 20 -- The European Bank for Reconstruction and Development (EBRD) is providing a risk-sharing facility for the benefit of DeFacto Perakende Ticaret under Akbank's Supply Chain Finance Programme.The facility will enable timely access to finance at discounted rates for DeFacto's suppliers in Turkiye, strengthening the company's supply chain. A total of 57 suppliers - mostly small and medium-sized enterprises (SMEs) - will be supported in achieving environmental, social and governance (ESG) goals, in line with the company's sustainability strategy.DeFacto, founded in 2005, operates in more than 100 countries, serving over 100 million customers through more than 500 stores and a robust online platform. The company employs more than...
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