Garanti BBVA Funds Strategic Electricity Infrastructure Upgrades for Uludağ Elektrik in Türkiye’s Marmara Region

Garanti BBVA Funds Strategic Electricity Infrastructure Upgrades for Uludağ Elektrik in Türkiye’s Marmara Region

(IN BRIEF) Garanti BBVA is financing Uludağ Elektrik Dağıtım A.Ş.’s electricity distribution investments across Türkiye’s Marmara region, covering key provinces such as Bursa, Balıkesir, Çanakkale, and Yalova. Serving four million customers, these investments are vital to enhancing energy security, efficiency, and sustainability. Executive VP Sinem Edige reaffirmed the bank’s commitment to strengthening Türkiye’s energy infrastructure while promoting long-term environmental responsibility through strategic partnerships and adherence to the Equator Principles.

(PRESS RELEASE) ISTANBUL, 21-Jul-2025 — /EuropaWire/ — Garanti BBVA, the Turkish affiliate of global financial group BBVA, has extended financing to support electricity distribution investments by Uludağ Elektrik Dağıtım A.Ş. across the Marmara region, specifically in Bursa, Balıkesir, Çanakkale, and Yalova. This initiative plays a critical role in enhancing regional energy resilience and advancing Türkiye’s sustainable development goals.

Uludağ Elektrik Dağıtım A.Ş. provides energy services to nearly four million subscribers, many located in some of the country’s most prominent industrial hubs. The funded investments aim to improve the security, reliability, and efficiency of electricity distribution systems, aligning with national priorities for infrastructure modernization and environmental sustainability.

Sinem Edige, Executive Vice President at Garanti BBVA, emphasized the bank’s long-standing commitment to advancing Türkiye’s energy sector: “Every step taken toward improving energy infrastructure addresses not only today’s needs but also paves the way for a sustainable and secure energy future. At Garanti BBVA, we’re proud to support strategic projects that ensure the efficient and reliable delivery of energy. We thank all stakeholders for their efforts in advancing this important mission.”

This financing also complements Garanti BBVA’s broader strategy of promoting responsible banking practices, including its decision to adopt the Equator Principles, reinforcing its dedication to environmental and social governance in all investment decisions.

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SOURCE: BBVA