Şekerbank has signed a new loan agreement with the European Fund for
Southeast Europe (EFSE) for 50 million euros, with a maturity of up to seven
years. The first tranche of this funding—which marks the first sustainable
agriculture loan in Türkiye disbursed in accordance with EFSE’s “Green List”
criteria—will be used to support sustainable agriculture projects as well as to
finance SMEs and small businesses.
Aybala
Şimşek Galpin: “The support provided by International Development Finance Institutions
for Türkiye’s sustainable development continues uninterrupted.”
In her assessment of
the agreement, Şekerbank CEO Aybala Şimşek Galpin stated: “This significant
loan agreement we have concluded with EFSE has once again confirmed Şekerbank’s
position as Türkiye’s key bank in the eyes of International Development Finance
Institutions in the areas of agricultural banking and inclusive finance. This
funding provided to Şekerbank through the EFSE fund—in which the European Union
and the development finance institutions of many countries are investors—is a
valuable transaction demonstrating that international investors’ support for Türkiye’s
sustainable development remains uninterrupted even during the current period of
global volatility”.
Jasminka
Begert: “EFSE’s first investment in Türkiye aimed at supporting sustainable
agriculture.”
In her speech, EFSE
Portfolio Manager Jasminka Begert said: “This facility represents EFSE’s first
sustainable agriculture-related investment in Türkiye. It aims to channel
dedicated resources into modern, resilient, and sustainable agricultural
investments, while expanding access to finance for farmers, small agricultural
businesses, and rural MSMEs.”