DenizBank has issued USD 270 million green bond in collaboration with the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and Proparco
The 5-year term bond will serve to finance investments such as renewable energy, energy and resource efficiency, green building investments, emission reduction and control systems, water and waste management and sustainable transportation projects in line with the Bank's Sustainable Finance Framework.
This transaction underscores DenizBank’s growing role in sustainable finance and its long-term commitment to supporting the country's climate goals.
DenizBank Treasury, Financial Institutions and Investment Group Executive Vice President Bora Böcügöz stated that they are pleased to enter into a new partnership with long-standing and well-respected international financial institutions such as EBRD, IFC, and Proparco. He emphasized that this collaboration will significantly contribute to Türkiye’s green transformation and decarbonization efforts.
Extreme weather events, food security threats, water scarcity and biodiversity loss pose significant risks not only in terms of the environment but also in economic and social terms. The responsibility that falls on the financial sector in the face of this picture is greater than ever. As DenizBank, we have made it our corporate priority to produce financial solutions that support economic development and environmental sustainability together. With our green bond issuance, we are directing resources worth 270 million dollars to qualified investments that our country needs throughout the transition process to a low-carbon economy, and transferring these as long-term financing support to projects that serve to reduce risks arising from climate change. In coming days, we will continue to work for the environment, society and the future by further integrating sustainability into our financial products and services with a responsible banking approach.
Bora Böcügöz
DenizBank Treasury, Financial Institutions and Investment Group Executive Vice President
We are very proud to support DenizBank in this new milestone, which also marks Proparco’s first green bond subscription in Türkiye, alongside our trusted partners EBRD and IFC. This transaction reflects our deep commitment to protecting the planet and plays a key role in strengthening the local green bond market. We are confident that it will help scale up climate-aligned investments and support DenizBank in advancing its ambitious sustainability agenda.
