20.11.2013

TSKB receives € 100 million loan from KfW for energy and resource efficiency projects

TSKB signed € 100 million loan agreement with KfW Development Bank to finance energy and resource efficiency projects.
CEO of TSKB, Özcan Türkakın stated that this agreement is very important as it is the first loan extended by KfW Development Bank to TSKB without state guarantee.

TSKB signed a loan agreement of € 100 million with KfW Development Bank to finance energy and resource efficiency projects on November 20, 2013.

CEO of TSKB Özcan Türkakın said, "As TSKB, we finance investment projects aiming efficient and responsible production and endeavor to increase the global competitiveness of the Turkish private sector. Accordingly, we will continue to support energy and resource efficiency projects of the Turkish business world with long term and cost-effective options through € 100 million loan we obtained from KfW."

Türkakın continued:
"The funding support of KfW Development Bank to TSKB without a state guarantee indicates confidence in both the growing economy of Turkey and the high standard banking understanding of TSKB."

Türkiye Sınai Kalkınma BankasıTurkey’s comprehensive environmental portal cevreciyiz.com is supported by TSKB.