BNP Paribas Finansal Kiralama, EBRD join forces for green push in Türkiye

January 10, 2025 – The European Bank for Reconstruction and Development (EBRD) is bolstering Türkiye’s green economy with a €25 million loan to BNP Paribas Finansal Kiralama, a news article from EBRD states. The funds will be used for on-lending to businesses investing in environmentally friendly projects, such as energy efficiency improvements, renewable energy adoption, and enhancing climate resilience.

This loan falls under the EBRD’s Türkiye Green Economy Financing Facility II, designed to accelerate the growth of green finance within the country. Türkiye has set an ambitious target of achieving net-zero emissions by 2053, and integrating leasing companies into the green finance ecosystem is considered crucial to achieving this goal. Leasing provides innovative financial solutions that make sustainable technologies, energy-efficient equipment, and low-carbon machinery more accessible and affordable for small and medium-sized enterprises (SMEs).

A key aspect of this project is its focus on gender equality. BNP Paribas Finansal Kiralama has committed to enhancing equal opportunities for women in accessing climate finance for green technologies. Women in Türkiye often face greater barriers than men when seeking financing for green initiatives, and this project aims to address this disparity.

Oksana Yavorskaya, EBRD Türkiye Deputy Head, expressed enthusiasm for the collaboration: “We are delighted with the strong commitment demonstrated by Turkish leasing companies in exploring innovative ways to expand green financing opportunities for their clients. We are confident that our latest collaboration with BNP Paribas Finansal Kiralama will build on this important tradition, providing vital support to businesses that depend on leasing as a critical tool for accessing financial solutions."

Sibel Alyar, General Manager of BNP Paribas Finansal Kiralama, highlighted the strategic importance of the partnership: “As part of BNP Paribas Leasing Solutions, which manages €15.5 billion in annual business across 17 countries, we're leveraging our position as a European leader in equipment finance to drive sustainable growth in Türkiye. In line with BNP Paribas Group’s sustainability commitments, we will utilise this financing from the EBRD to strengthen our ability to deliver impactful green financing solutions."

The EBRD has been a significant investor in Türkiye since 2009, committing over €21 billion across 465 projects and trade finance limits, with the majority of investments directed towards the private sector. This latest loan further solidifies the EBRD's commitment to supporting Türkiye's transition to a greener economy.The International Monetary Fund (IMF) has concluded its 2024 Article IV mission to the Hong Kong Special Administrative Region (SAR) of the People’s Republic of China, releasing a concluding statement outlining its preliminary findings. The IMF staff observed a path of gradual but uneven recovery for Hong Kong’s economy after a period of significant shocks.

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