Tag Archives: Türkiye

Innovation in Banking: Garanti BBVA Unveils Fingerprint-Enabled Payment Solution

(IN BRIEF) Garanti BBVA, a leading digital banking institution in Türkiye with 14 million customers, has unveiled the Bonus Platinum Biometric Card, revolutionizing secure payments. The card allows users to make purchases by scanning their fingerprint, enhancing security and convenience. … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

EBRD Extends US$ 109 Million Loan to Türkiye İş Bankası for Earthquake Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a US$ 109 million loan to Turkiye İş Bankası (İşbank), the largest private bank in Türkiye, to aid businesses and individuals affected by the devastating earthquakes that hit … Read the full press release

Garanti BBVA Launches Türkiye’s First Ecommerce Loan for Energy-Efficient Car Rentals

(IN BRIEF) Garanti BBVA has partnered with Enterprise Türkiye to promote electric mobility and car rentals in Türkiye. As part of this collaboration, Garanti BBVA is offering an ecommerce loan, known as a Buy Now Pay Later (BNPL) loan, to … Read the full press release

EBRD Provides US$90 Million Loan to Akbank for Türkiye Earthquake Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to US$90 million to Akbank in Türkiye as part of the Türkiye Disaster Response Framework. The loan will assist businesses and individuals affected by … Read the full press release

EBRD and Türkiye Join Forces for Green Maritime Development and Climate Mitigation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release

ANDRITZ Supplies Fiber Preparation Line for KEAS’ MDF Production at Balikesir Mill

(IN BRIEF) KEAS, the largest wood panel producer in Türkiye, has successfully started operations of its new fiber preparation line for Medium Density Fiberboard (MDF) production at its Balikesir mill. Supplied by ANDRITZ, the line has a capacity of 60 … Read the full press release

EBRD’s Funding Package Bolsters DenizBank’s Commitment to Green Finance and Women-Led Enterprises in Türkiye

(IN BRIEF) EBRD provides $143.25 million to DenizBank for green investments, women-led businesses, and earthquake response. The financing package supports DenizBank’s Diversified Payment Rights program and includes funds for on-lending to green economy projects, women-led SMEs, and companies involved in … Read the full press release

European Institutions and ILX Management Collaborate to Support Sustainable Development in Emerging Markets

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and ILX Management, has formed a partnership to enhance private-sector finance in emerging markets. The initiative aims to attract investments of up to … Read the full press release

EBRD Grants US$110 Million Loan to Enerjisa Uretim for Wind Power Expansion in Türkiye

(IN BRIEF) EBRD has approved a loan of US$110 million to Enerjisa Uretim in Türkiye to support the expansion of their wind power portfolio. Enerjisa Uretim’s projects will reduce CO2 emissions by 52,000 tonnes annually and promote employment opportunities for … Read the full press release

EBRD provides funding for Turkish firm’s innovative poultry waste power plant

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of €25 million to Mav Elektrik, a Turkish energy company, to replace loans that funded the construction of the Arikcayiri biomass power plant. The plant is … Read the full press release

Die EBWE gewährt der TEB ein Darlehen von 50 Millionen Euro, um von Frauen geführte KMU in Türkiye zu unterstützen

(IN KÜRZE) Die Europäische Bank für Wiederaufbau und Entwicklung (EBWE) hat der Türk Ekonomi Bankası A.Ş. (TEB), um die finanziellen Möglichkeiten für von Frauen geführte kleine und mittlere Unternehmen (KMU) in Türkiye zu erweitern. Dieses Darlehen ist Teil des EBWE-Programms … Read the full press release

EBRD grants €50m loan to TEB to support women-led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €50 million loan to Türk Ekonomi Bankası A.Ş. (TEB) to expand financial opportunities for women-led small and medium-sized enterprises (SMEs) in Türkiye. This loan is part of … Read the full press release

EBWE stellt Tam Finans 10 Millionen € Factoring-Fazilität für KMU in Türkiye zur Verfügung

(IN KÜRZE) Die Europäische Bank für Wiederaufbau und Entwicklung (EBRD) hat Tam Finans Factoring A.S., einem Factoring-Unternehmen in Türkiye, im Rahmen ihres Handelserleichterungsprogramms (TFP) eine Factoring-Fazilität in Höhe von 10 Millionen Euro zur Verfügung gestellt. Ziel der Fazilität ist die … Read the full press release

EBRD Provides €10 Million Factoring Facility to Tam Finans for SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided Tam Finans Factoring A.S., a factoring company in Türkiye, with a €10 million factoring facility under its Trade Facilitation Programme (TFP). The facility aims to support small and … Read the full press release

ANDRITZ installiert erfolgreich umfassendes Fasersystem für Starwood in der Türkei

(IN KÜRZE) Starwood Orman Urunleri Sanayi A.S., ein türkisches Industrieunternehmen, hat in nur fünf Monaten erfolgreich eine neue Faseraufbereitungsanlage von ANDRITZ zur Herstellung von Fasern für mitteldichte Faserplatten (MDF) implementiert. Die Anlage, die eine Mischung aus Kiefern- und Buchenholzhackschnitzeln verarbeitet, … Read the full press release

ANDRITZ Successfully Installs Comprehensive Fiber System for Starwood in Turkey

(IN BRIEF) Starwood Orman Urunleri Sanayi A.S., a Turkish industrial company, has successfully implemented a new fiber preparation system from ANDRITZ for the production of fibers for Medium Density Fiberboard (MDF) in just five months. The system, which processes a … Read the full press release

El BERD impulsa la transición turca hacia la economía verde con un préstamo de 25 millones de euros a GarantiBBVA Leasing

(NOTICIA EN BREVE) El Banco Europeo para la Reconstrucción y el Desarrollo (BERD) ha concedido un préstamo de 25 millones de euros a GarantiBBVA Leasing en Türkiye para apoyar la concesión de préstamos a empresas para proyectos de eficiencia energética … Read the full press release

EBRD Boosts Turkish Transition to Green Economy with €25M Loan to GarantiBBVA Leasing

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €25 million loan to GarantiBBVA Leasing in Türkiye to support lending to businesses for energy efficiency and renewable energy projects. The loan will provide lease financing to … Read the full press release

EBRD’s first investment in Turkish non-food retail sector: $59 million in DeFacto

(PRESS RELEASE) LONDON, 20-Jan-2023 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has made a significant move in the Turkish retail market, purchasing a minority equity stake in DeFacto, a global clothing retailer … Read the full press release

Primera inversión del BERD en el sector minorista no alimentario de Turquía: 59 millones de dólares en DeFacto

(COMUNICADO DE PRENSA) LONDRES, 20-Jan-2023 — /EuropaWire/ — El Banco Europeo para la Reconstrucción y el Desarrollo (EBRD), un banco multilateral de inversiones para el desarrollo, ha dado un paso importante en el mercado minorista turco, al adquirir una participación accionaria … Read the full press release

EBRD invests in Turkey’s first epoxy resin facility with €15 million loan to Akkim Kimya

(PRESS RELEASE) LONDON, 5-Jan-2023 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has announced that it is providing a loan of €15 million to Akkim Kimya in Türkiye to finance the establishment … Read the full press release

La BERD investit dans la première installation de résine époxy de Turquie avec un prêt de 15 millions d’euros à Akkim Kimya

(COMMUNIQUÉ DE PRESSE) LONDON, 5-Jan-2023 — /EuropaWire/ — La Banque européenne pour la reconstruction et le développement (BERD), une banque multilatérale d’investissement pour le développement, a annoncé qu’elle accordait un prêt de 15 millions d’euros à Akkim Kimya à Türkiye … Read the full press release