The European Bank for Reconstruction and Development (EBRD) has granted a €25 million loan to QNB Finansleasing in Türkiye, aimed at supporting green economy investments. The loan will fund projects related to energy efficiency, renewable energy, and climate resilience, in line with the Türkiye Green Economy Financing Facility II (GEFF II).
This facility builds on the success of its predecessor, advancing the deployment of green finance in Türkiye, which aims to achieve net-zero emissions by 2053. The country faces an annual financing need of approximately US$10 billion through 2030 to reach this target.
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QNB Finansleasing, established in 1990, is a key player in Türkiye’s leasing sector and a long-standing EBRD partner. The company has financed nearly 500 MW of renewable energy projects and supported various energy-efficiency and water management initiatives.
The EBRD’s Deputy Head of Türkiye, Oksana Yavorskaya, highlighted the importance of green financing, noting the critical role leasing companies play in the country’s green transition. QNB Finansleasing’s General Manager, Osman Taş, expressed the company’s commitment to sustainability and emphasised the importance of the new loan agreement in strengthening their position in the sector.
Since 2009, the EBRD has committed over €20 billion to Türkiye, predominantly in the private sector, across 453 projects.
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