EBRD partners with TSKB for a green boost in Türkiye

The European Bank for Reconstruction and Development (EBRD) is providing a €100 million loan to Türkiye'sTürkiye Sinai Kalkinma Bankasi (TSKB) for on-lending to sub-borrowers that will invest in energy efficiency, renewable energy and climate-resilience measures.

The loan comes under the EBRD's Türkiye Green Economy Financing Facility II (GEFF II), which aims to build on the success of the previous facility, contributing to the deployment of green finance in the country. Proceeds of the loan will be dedicated to financing green economy investments in a gender-inclusive way.

TSKB, a pivotal partner of the EBRD's first GEFF in Türkiye, is a listed private sector development and investment bank with a mandate to encourage sustainable and inclusive private industrial development.

A green champion in the banking sector, TSKB is committed to many of the well-known international climate initiatives such as: the Task Force on Climate-Related Financial Disclosures; the Net-Zero Banking Alliance; the UN Principles for Responsible Banking; and the Science Based Targets Initiative.

The EBRD is among Türkiye's key investors, with more than €20 billion committed through 453 projects and trade finance limits since 2009, most of which has been in the private sector.