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EBRD provides US$ 100 million loan to Turkey’s Denizbank
EBRD provides US$ 100 million loan to Turkey’s Denizbank
Catalysing green investments and supporting women-led firms
Building resilience of the Turkish economy The European Bank for Reconstruction and Development (EBRD) is providing US$ 100 million in new funds to Denizbank A.S. to finance companies’ investments in green technologies and support women-led businesses as the Covid-19 pandemic continues. The financing is made available through an investment under its existing Diversified Payment Rights (DPR) programme, an established market instrument used by Turkish banks to raise long-term funding. Denizbank is planning to issue a total US$ 435 million, marking its return to DPR securitisation under the Emirates NBD Bank’s ownership. The issuance has attracted a host of investors, including the International Finance Corporation, Credit Suisse and the parent Emirates NBD Bank.
Romanian entrepreneurs to benefit as Endeavor opens with EBRD among founders
Romanian entrepreneurs to benefit as Endeavor opens with EBRD among founders
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Endeavor, a pioneering organisation leading the high-impact entrepreneurship movement worldwide, is expanding in Romania with the European Bank for Reconstruction and Development (EBRD) among its founders. The EBRD is joining forces with Dedeman, a do-it-yourself chain and the biggest company owned by Romanian private investors, and Globalworth, a real estate company active in central and eastern Europe, to amplify the boost for Romanian entrepreneurs that Endeavor will provide. Founded in 1997, Endeavor today operates in more than 30 countries across Latin America, Europe, Asia, Africa, the Middle East and the United States of America, supporting entrepreneurs at the ‘scale-up’ stage. The organisation currently supports more than 2,000 rigorously selected entrepreneurs, providing a world-class network
EBRD funds green investments at Turkey’s Is Leasing
EBRD funds green investments at Turkey’s Is Leasing
Funding under EU-backed TurSEFF III to broaden local enterprises’ access to climate finance
Building resilience of Turkish economy by boosting resource efficiency and renewables In its first transaction with Turkey’s Is Finansal Kiralama A.S. (Is Leasing), the European Bank for Reconstruction and Development (EBRD) is providing a €40 million loan for on-lending to eligible companies to finance investments in resource efficiency and small-scale renewable energy projects. Greening the Turkish economy is one of the EBRD’s main goals in the country. The Bank is committed to providing funds and policy support that will help Turkey cope with the coronavirus crisis and use the current situation to “tilt to green” decisively.