16.10.2024
The European Bank for Reconstruction and Development (EBRD) has provided €25 million in funding to Şekerbank as part of the Green Economy Financing Facility II in Türkiye (GEFF II Türkiye). With this significant initiative launched by the EBRD to increase agricultural productivity in Türkiye, Şekerbank, whose founding mission is to finance agriculture, will further accelerate its efforts to support rural development and sustainable agriculture.
The European Bank for Reconstruction and Development (EBRD) has provided a loan facility of €25 million to Şekerbank to increase agricultural productivity and accelerate the green transformation in Türkiye. With the financing package to support green investments under the EBRD’s Green Economy Financing Facility II in Türkiye (GEFF II Türkiye), Şekerbank aims to further strengthen its pioneering role in sustainable agriculture, with a particular focus on rural areas in Anatolia. With the loan, the bank will provide resources for projects geared towards increased energy efficiency and more efficient land use to strengthen sustainable agriculture. Şekerbank will also contribute to the development of agricultural technologies, including climate risk management.
Speaking on behalf of EBRD, Francis Malige stated: “Sustainable agriculture is a topic that needs to be addressed not only for a greener future but also for food security, which remains a global concern. We are pleased to focus on agriculture in a country like Türkiye, which has promising potential for climate-resilient and productive farming. We are confident that our partnership with Şekerbank in this area will allow us to expand this focus and provide further support to the country’s green future.”
In her statement, Aybala Şimşek Galpin, Şekerbank General Manager, said: “As the only private bank in Türkiye with a founding mission of financing agriculture, we support agricultural activities in a holistic manner, taking into account their social and environmental aspects. With the EBRD’s deep expertise in green finance, we will further strengthen our leading role in financing sustainable agriculture. With this new funding, we will continue to increase our activities to support sustainable agricultural activities in rural areas, in particular energy efficiency in agriculture."