TSKB Secured 25 Million Euros from the Austrian Development Bank

27 May 2023

TSKB and Austrian Development Bank (OeEB) signed a new loan agreement worth 25 million Euros. Evaluating the resource that TSKB will use to finance renewable energy and energy efficiency investments, TSKB General Manager Murat Bilgiç said, "We have concluded our second resource agreement with OeEB on the same theme. We are happy to create additional resources 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 (Turkish Industrial Development Bank), which has been contributing to sustainable development-oriented investment projects for many years with the resources obtained from international markets, has signed a new loan agreement with the Austrian Development Bank (OeEB). TSKB, which obtained 20 million Euros of funding from OeEB in 2014, provided 25 million Euros of funding with this new agreement. TSKB will support the private sector's renewable energy and energy efficiency investments with this loan obtained from OeEB with a 12-year maturity.

TSKB General Manager Murat Bilgiç: “We are happy to create additional resources for the green transformation of our country with this important agreement, which once again confirms the trust in our Bank in the international arena.”

Evaluating the second resource agreement they signed with OeEB, TSKB General Manager Murat Bilgiç said, "As a bank, we have been making uninterrupted contributions to the investments made in the field of renewable energy and energy efficiency in our country for more than 20 years with our medium and long-term resources. Following the 20 million Euro resource agreement we signed with the Austrian Development Bank in this direction in 2014, we provided 25 million Euros on the same theme this year. With this important agreement, once again confirms the trust in our Bank in the international arena." "We are happy to create additional resources for the green transformation of our country. With this signature, the amount of resources we have provided as TSKB to reduce climate risks from international markets this year has reached 125 million Euros. We will continue to make effective contributions to our country and the world by reinforcing our cooperation with global development finance institutions towards qualified sustainable development in the 100th anniversary of our Republic," he said.

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