EBRD Extends €25 Million Loan to Enhance Energy Efficiency and Renewable Energy in Türkiye 

The European Bank for Reconstruction and Development (EBRD) is extending a €25 million loan to Türkiye’s QNB Finansleasing to support sub-borrowers engaged in green economy investments.

These investments will focus on enhancing energy efficiency, promoting renewable energy, and implementing climate resilience measures.

This loan is part of the Türkiye Green Economy Financing Facility II (GEFF II), designed to build on the achievements of its predecessor and further advance the adoption of green finance across the country.

The EBRD’s Deputy Head of Türkiye, Oksana Yavorskaya, said, “We are pleased to see QNB Finansleasing joining the second phase of GEFF.

She added, “The demand for green financing in Türkiye is critical, and leasing companies play a pivotal role in expanding the deployment of green initiatives. The EBRD is dedicated to accelerating Türkiye’s green transition and partnering with financial institutions to provide the tools essential to achieving the country’s climate goals. I am confident that this partnership will contribute to that path.”

Tackling climate change remains an important goal for Türkiye, which has set itself a 2053 net-zero target. However, to reach net zero, Türkiye needs around $10 billion in financing annually through 2030.

Founded in 1990, QNB Finansleasing is a key player in Türkiye's leasing sector and has been a longstanding partner of the EBRD. The company is committed to a customer-centric approach, providing customized solutions tailored to meet the specific needs of its clients.