IFC Invests in DenizBank's Green Bond, Supporting Productivity and Resilience in Turkiye
Turkey, Sept. 19 -- To accelerate funding for sustainability projects, support Turkiye's transition to a net zero economy, and help spur job creation across sectors, IFC announced a $100 million investment in DenizBank Anonim ?irketi's (DenizBank) green bond issuance.The five-year green bond, totaling $270 million, will enable DenizBank-a longstanding IFC partner-to expand financing for green projects, including renewable energy, energy efficiency, circular economy initiatives, waste management, and other carbon reduction efforts. The funding will help businesses improve climate resilience, enhance operational efficiency, and adopt climate mitigation and adaptation measures. By scaling up its sustainable finance activities, DenizBank will a...
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