The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to AKLease, a trusted partner in Türkiye, to support green projects. This funding will be used by AKLease to provide loans to businesses investing in energy efficiency, renewable energy, and climate resilience measures. AKLease, a subsidiary of Akbank, will channel the funds through its ECOLease program. This program focuses on helping companies finance eco-friendly initiatives like renewable energy installations, resource efficiency upgrades, waste management systems, and water conservation projects.
The EBRD is providing this loan to AKLease as part of its Türkiye Green Economy Financing Facility II (GEFF II). This program builds on the success of its predecessor by promoting green financing in Türkiye. Through GEFF II, the EBRD will allocate €750 million to private financial institutions in the country, which will then offer loans to businesses pursuing green investment projects.
The EBRD’s Deputy Head of Türkiye, Oksana Yavorskaya, said in a statement, “Leasing companies can serve a great purpose by creating alternatives for firms looking for green investments. We are delighted to be expanding and diversifying green financing opportunities in Türkiye, leveraging our longstanding partnership with AKLease to ensure the effective and impactful distribution of these funds.”
AKLease General Manager Eser Okyay, evaluating the agreement, commented, “As AKLease, we are proud to continuously expand our support for green projects day by day. To date, we have signed numerous green financing agreements with the EBRD. With this new agreement, we will further amplify this positive impact, contribute to our customers’ sustainable investments, and support our country’s green transformation process.”
AKLease will use the loan to support various projects, including those with a focus on gender equality, nature conservation, the blue economy, renewable energy, and energy efficiency. The EBRD has been a major investor in Türkiye since 2009, committing over €21 billion across 461 projects, primarily in the private sector.
