Loans

10/26/2017

EBRD Underlined Its Decisiveness on Investing in Turkey

EBRD: “Turkey has the status of being the largest country within our operations in terms of portfolio size and investment volume. EBRD has made an investment of more than € 9.5 billion in Turkey until date.”

The European Bank for Reconstruction and Development (EBRD) underlined its decisiveness on investing in Turkey.

The written disclosure made by the Bank includes the statement “EBRD maintains its commitment to Turkey and is in relationship with Turkey. Turkey plays a very important role in EBRD’s operations.”

The disclosure pointing out to the importance of Turkey regarding the investments of the Bank also includes the statement “Turkey has the status of being the largest country within our operations in terms of portfolio size and investment volume. EBRD has made an investment of more than € 9.5 billion in Turkey until date.”

It is underlined in the disclosure that investments in Turkey is expected to exceed € 1.5 billion in 2017 following the statement that EBRD has undersigned 30 projects in Turkey with a total volume of € 1 billion.

As will be recalled, there were allegations in foreign press in the recent period that several banks and institutions also including EBRD were trying to gear down their financing operations in relation with Turkey.

EBRD making investments to support development in Eastern Europe, Russia, former Soviet countries, Middle East and North Africa, realized an investment of around $ 10 billion in Turkey since 2009 either by providing loans directly or in partnership for 227 projects in the fields of energy, infrastructure, agriculture and finance TEBA:1814/ May 4, 2017

As will be recalled, we reported that a loan amount of € 70 million was provided by EBRD for Fahrettin Altay-Narlıdere Line within the scope of Izmir Metro Line planned by Izmir Metropolitan Municipality TEBA:1837/ October 20, 2017