DenizBank and ADB issue Green Bond worth 100 Million Dollars.

DenizBank and ADB's First Collaboration: 100 Million Dollar Green Bond

DenizBank has secured 100 million dollars in funding through the first green bond issuance conducted in the private sector in Turkey in collaboration with the Asian Development Bank (ADB). This 5-year maturity green bond will be used for the financing of renewable energy projects, energy efficiency, green building investments, emission reduction, water and waste management, and sustainable transportation projects within the framework of the bank's Sustainable Finance Framework.

Green Bond Issuances and Portfolio Development

DenizBank's Assistant General Manager of Treasury and Financial Institutions Bora Böcügöz stated that this transaction will make significant contributions to the development of the green bond market in Turkey. Böcügöz noted that the total amount of existing green bonds has reached 453 million dollars and that the share of sustainable funding sourced from abroad has risen to 53 percent.

Long-Term Goals and Climate-Friendly Investments

ADB's Director General for Private Sector Operations Isabel Chatterton emphasized that the investment would contribute to DenizBank's efforts to scale up climate financing in Turkey, adding that this would increase private sector participation in projects aimed at combating climate change.