We Signed a USD 200 Million Loan Agreement

Development and Investment Bank of Türkiye continues its support for sustainable development through a new loan agreement. The Bank signed a USD 200 million loan agreement with the Asian Infrastructure Investment Bank, backed by a guarantee from the Republic of Türkiye Ministry of Treasury and Finance, with a total maturity of 15 years including a three-year grace period. The facility will be available to investors developing energy-efficiency and renewable-energy projects in compliance with Turkish environmental legislation.

TKYB CEO İbrahim Öztop said: “Since our establishment, Development and Investment Bank of Türkiye has provided financing support to projects across a wide range of sectors, particularly industry and tourism, as well as energy, education and healthcare. In our role as a supporter of the United Nations Sustainable Development Goals and as a founding signatory of the Principles for Responsible Banking, which envisage reducing carbon emissions, we attach great importance to renewable-energy projects that will lead Türkiye’s sustainable development. Through this long-term financing secured from the Asian Infrastructure Investment Bank, we will continue supporting renewable-energy and energy-efficiency investments that place sustainability at the forefront. With a dynamic and innovative banking approach sensitive to the environment and society, and a mission to create value for our employees and all other stakeholders, we will continue taking steps for our country’s future and growth.”

Yee Ean Pang, Director General of Investment Operations at the Asian Infrastructure Investment Bank, said: “This loan, which is fully aligned with the Asian Infrastructure Investment Bank’s energy strategy and commitment to sustainable infrastructure development, will help increase Türkiye’s capacity to generate energy from renewable resources and improve energy efficiency at existing facilities.”