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12/27/2019

Garanti BBVA Secures Loans Totaling to $ 133 Million in 3 Separate Protocols

A financial support of $ 20 million will be provided for energy efficiency and renewable energy projects…

Garanti BBVA signed agreements on 3 separate credit supports in 3 diverse areas.

According to a disclosure made by the Bank, a new loan agreement has been signed with International Finance Corporation (IFC), a member of the World Bank Group regarding Small and Medium Sized Enterprises. IFC provides a loan package equivalent to $ 90.75 million at ceiling value to Garanti BBVA to extend to women entrepreneurs overall Turkey and particularly to Small and Medium Sized Enterprises in 22 provinces. In addition, Garanti BBVA provides access to loans worth $ 22 million provided by the Austrian Development Bank (OeEB) to support women entrepreneurs.

Loans worth $ 20 million will be extended to energy efficiency projects

Finally, Garanti BBVA undersigns a loan agreement worth $ 20 million provided by the Green Growth Fund (GGF) to be extended to energy efficiency and renewable energy projects.

 

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