EBRD Bolsters Green Investments in Türkiye with €25 Million Loan

The European Bank for Reconstruction and Development (EBRD) has granted a €25 million loan to QNB Finansleasing, a prominent leasing company in Türkiye. This loan will be used to fund green economy investments, focusing on energy efficiency, renewable energy, and climate resilience.

The loan is part of the Türkiye Green Economy Financing Facility II (GEFF II), a program designed to promote green finance in the country. Türkiye has set an ambitious goal of achieving net-zero emissions by 2053, and this loan aligns with that target. The country requires approximately US$10 billion in annual financing through 2030 to reach its climate goals.

QNB Finansleasing, a longstanding partner of the EBRD, has been actively involved in supporting green initiatives in Türkiye. The company has financed nearly 500 MW of renewable energy projects and has invested in initiatives related to energy efficiency and water management.

Oksana Yavorskaya, the EBRD’s Deputy Head of Türkiye, expressed enthusiasm about the loan, emphasizing the importance of green financing and the role of leasing companies in promoting it. She highlighted the EBRD’s commitment to supporting Türkiye’s green transition and partnering with financial institutions to achieve the country’s climate goals.

Osman Taş, the General Manager of QNB Finansleasing, emphasized the company’s dedication to sustainability and its efforts to provide clients with sustainable financial solutions. He noted that the loan agreement with the EBRD further solidifies QNB Finansleasing’s leadership in the green finance sector.

The EBRD has been a significant investor in Türkiye, with over €20 billion committed to various projects since 2009. This loan to QNB Finansleasing is another step in the EBRD’s efforts to support Türkiye’s economic development and transition to a greener future.