EUR 25 Million Funding from Austrian Development Bank to TSKB
TSKB and Austrian Development Bank (OeEB) signed a new loan agreement for a total amount of EUR 25 million. Commenting on the funding to be used by TSKB for financing renewable energy and energy efficiency investments, TSKB CEO Murat Bilgiç said, “We have now signed a second funding agreement with OeEB on the same theme. We are pleased to create additional funds for the green transformation of our country with this important agreement, which once again confirms the trust in our Bank in the international arena.”
TSKB (Industrial Development Bank of Turkey), which has been contributing to sustainable development-oriented investment projects for many years with the funds it obtains from international markets, has signed a new loan agreement with the Austrian Development Bank (OeEB). Having obtained EUR 20 million funding from OeEB in 2014, TSKB obtained an additional EUR 25 million with the new agreement. TSKB will support the private sector’s renewable energy and energy efficiency investments with this 12-year term loan from OeEB.
TSKB CEO Murat Bilgiç: “We are pleased to create additional funds for the green transformation of our country with this important agreement, which once again confirms the trust in our Bank in the international arena.”
Commenting on their second funding agreement with OeEB, TSKB CEO Murat Bilgiç said, “At TSKB, we have been continuously contributing to investments in renewable energy and energy efficiency in Turkey for more than 20 years with our medium and long-term funds. In 2014, we signed a EUR 20 million funding agreement with the Austrian Development Bank, and this year we obtained a funding of EUR 25 million on the same theme. We are pleased to create additional funds for the green transformation of our country with this important agreement, which once again confirms the trust in our Bank in the international arena. With this signature, the amount of funds we, as TSKB, have obtained from international markets for climate risk mitigation this year has reached EUR 125 million. In the 100th Year of our Republic, we will continue to make effective contributions for our country and the world by strengthening our cooperation with global development finance institutions towards qualified sustainable development.”
