The project includes a senior unsecured loan of up to EUR 25 million equivalent, available in EUR and/or USD, with a 2-year final maturity and bullet principal repayment, available for GarantiBBVA Leasing under the Green Economy Financing Facility Turkiye ("GEFF Turkiye") Framework.
The proceeds of the Bank`s investment will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Turkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye.
The proposed facility will be the first transaction with the Company under GEFF Turkiye and builds on the Company's experience and successful utilisation of the two TurSEFF lines signed in 2018 and 2021. The proposed facility will help GarantiBBVA Leasing to continue to expand its on-lending to private sector SMEs, both women and men-led, for energy efficiency and small-scale renewable energy investments, promoting female entrepreneurs' access to green technologies. The facility will also aim to help set higher standards and build capacity in the market by better instilling climate risk factors into the Company's leasing practices as the 4th largest player in the market.
+90 216 625 41 50
+90 216 625 41 50
Çamçesme Mahallesi,Tersane Caddesi No:15, Pendik, 34899, Istanbul
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