IFC Invests in QNB Leasing to Boost Energy Transition and Blue Financing in Turkiye
Turkey, March 6 -- IFC announced an investment in QNB Finansal Kiralama A.?. (QNB Leasing), a leading leasing company and a subsidiary of QNB Turkiye, to enhance access to energy transition finance for smaller businesses in the country. The five-year, $100 million loan will support sustainable energy financing and pioneering blue finance initiatives, strengthening resilience in the country's leasing sector. At least 10 percent of proceeds will be dedicated to blue finance activities, supporting sustainable productivity growth in Turkiye.Small and medium enterprises, which constitute 99 percent of Turkish businesses, often struggle to access long-term capital for renewable energy and energy efficiency projects. Through this investment, QNB L...
To read the full article or to get the complete feed from this publication, please
Contact Us.