ING Türkiye and ING Leasing signed loan agreements with the EBRD for a total of EUR 85 million, to be disbursed under the Green Economy Financing Facility Türkiye (GEFF Türkiye).
The fund aims to expand financing support for sustainability linked investments.
ING Türkiye signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for EUR 80 million within the scope of the GEFF while EBRD also extend EUR 5 million loan to ING Leasing within GEFF.
The fund, provided within the scope of this cooperation is the first funding transaction between ING and EBRD in Türkiye. ING Türkiye will use the fund to support sustainability linked investments within GEFF. ING Leasing, will also provide the fund to its customers in line with GEFF criteria.
GEFF Türkiye contributes to Türkiye’s transition to a green economy with a package of technical assistance provided with financing to help investors in the private sector become more competitive and climate-resilient, particularly under Corporate Climate Governance (CCG).
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