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EIB resumes financing in Türkiye with €200 million to support the decarbonisation of Turkish companies
The European Investment Bank (EIB) signed two new financing operations of €100 million each with the Development and Investment Bank of Türkiye (TKYB) and Türk Eximbank. The two banks will on-lend the funds to Turkish small and medium-sized enterprises (SMEs) and mid-caps for renewable energy and energy efficiency investments. The EIB financing will support projects that reduce emissions of greenhouse gases, strengthen supply chains and energy security, enhance climate resilience, and create new green jobs in Türkiye.
EU and EIB to boost businesses in partner countries through €1.3 billion financing
As a result of a new agreement between the European Commission and EIB Global, private project partners, small and medium-sized enterprises (SMEs) and financial institutions in EU’s partner countries will have access to €1.3 billion in funding to support infrastructure projects in clean energy and digitalisation. This new initiative is supported by a €362 million EU’s EFSD+ guarantee that will benefit companies and banks in the Western Balkans (€99 million), Eastern Neighbourhood (€30 million), Türkiye (€22.5 million) and the Middle East and North Africa (€ 210 million) over the next three years.
Türkiye: EIB Global provides €400 million to support ILBANK’s post-earthquake reconstruction projects
The European Investment Bank (EIB), the bank of the European Union, has signed a loan agreement worth €400 million with Türkiye. The loan is fully guaranteed by the European Union (EU) and will help to restore water and wastewater infrastructure in the provinces affected by the earthquakes that hit the south-east of the country on 6 February 2023. The loan will be provided by EIB Global, the arm of the EIB that works beyond the European Union, with İller Bankası (ILBANK) acting as the intermediary.