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      Europe installs 26% larger capacity wind farms in 2020

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      EU approves €550M Danish aid to support biomass plants

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      Global EV sales see record rise in 2020 led by Europe

      Global EV sales see record rise in 2020 led by Europe

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      BMW Group sources aluminum produced from solar energy

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      Erdogan tests Turkey’s 1st driverless electric bus

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      Siemens Energy to drive hydrogen economy in Middle East

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      Turkey allocates $18.5B for 2021 investments

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      Turkey's LPG imports down over 19.02% in June 2019

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      Global oil demand to increase 6.41% in 2021: OPEC

      Global oil demand to increase 6.41% in 2021: OPEC

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      Brent oil price up 0.59% for week ending Jan. 29

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      UN: US on pace to hit Paris climate goals despite Trump

      Turkey, Azerbaijan aim $15B trade volume by 2023

      Turkey, Azerbaijan aim $15B trade volume by 2023

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      Turkey to use first gas from Black Sea in Q1, 2023

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      NGOs petition Turkey to ratify Paris Climate Agreement

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      Turkey's oil imports down 22.3% in December 2020

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      Turkey's LPG imports down 2.6% in December 2020

      Turkey to spend $9.3B for power distribution up to 2025

      Turkey to spend $9.3B for power distribution up to 2025

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      Global LNG trade steady in '20, demand to double by '40

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      Europe needs to build more wind farms for climate goals

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      Are recent bullish oil price predictions realistic?

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      Oil prices up over Fed’s lower interest rates

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      Are recent bullish oil price predictions realistic?

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      Oil prices up over Fed’s lower interest rates

      Oil down as Texas refineries curb demand, US stocks rise

      Oil down as Texas refineries curb demand, US stocks rise

      'Ankara ready to do its part to bring Turkmen gas to Europe'

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      IAEA calls for coop. with Japan on wastewater disposal

      IAEA calls for coop. with Japan on wastewater disposal

      Are recent bullish oil price predictions realistic?

      Are recent bullish oil price predictions realistic?

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      Oil down as Texas refineries curb demand, US stocks rise

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      US crude oil inventories rise for week ending Feb. 19

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      Are recent bullish oil price predictions realistic?

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      Are recent bullish oil price predictions realistic?

      Are recent bullish oil price predictions realistic?

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      Oil prices up over Fed’s lower interest rates

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EBRD, Turkish bank sign $112M financing agreement

- European, Turkish banks to jointly provide financing for Turkish businesses

home > Projects, Invesments, Turkey 29.05.2019 08:46

EBRD, Turkish bank sign $112M financing agreement

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) signed an agreement to provide €100 million (nearly $112 million) financing for Turkish businesses.

The EBRD and the TSKB will provide €50 million (some $56 million) each for the lending package for private industrial companies, according to a press release on Tuesday.

"The EBRD will share the risk of up to 50% of each individual sub-loan provided to eligible businesses identified jointly by the two lenders," the European Bank said.

The agreement was signed by Jurgen Rigterink, the EBRD first vice president, and Suat Ince, chief executive officer of TSKB.

During the signing ceremony, Rigterink stressed the EBRD’s continued commitment to Turkey at a critical time when banks' lending capacity is limited.

"This is likely to slow down the country’s economic recovery. We expect the Turkish economy to start to pick up by 2020," he underlined.

The EBRD said that clients would be able to use these loans to finance working capital, capital expenditure and refinance existing loans.

Ince stressed that financial support for the private sector is a key factor for the current rebalancing process in Turkey.

As a leading institutional investor in Turkey, the EBRD has invested more than €11 billion ($12.3 billion) in over 280 projects in the country since 2009.

By Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr


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14.01.2020 Oil , Projects , Invesments , Energy Security , Energy Projects , Middle East-Africa

Highlights of global energy market in 2019

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019
22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Turkey , Europe , Eurasia , Americas , Middle East-Africa , General

US Congress authorizes sanctions on Syria, Iran, Russia

- Defense bill greenlights measures against regime of Bashar al-Assad and his allies in order to protect Syrian civilians
19.12.2019 Oil , Projects , Energy Security , Energy Projects , General

Highlights of Turkish energy market in 2019

- E. Med. drilling, completion of TurkStream and of Akkuyu NPP foundation, TANAP's Europe leg opening were hot topics in 2019
23.12.2019 Natural Gas , Oil , Renewable , Projects , Invesments , Energy Diplomacy , Energy Projects , Turkey

India to consume more energy than US by mid-2040s: EIA

- India projected to become world's second largest economy behind China by late 2030s, the administration says
13.12.2019 Electricity , Projects , International Organization , Asia

Brent gains with Fed's rate pause causing weaker dollar

- US central bank does not envisage any change in interest rate until 2021
12.12.2019 Downstream , Projects , International Organization , Americas

Japan's Hamax to produce wind equipment in Turkey

- Turkey offers best location for selling products domestically and for expansion into European market: Hamax CEO says
11.12.2019 Renewable , Wind , Projects , Invesments , Turkey , Asia

Valeura reports positively on Turkey's Devepinar-1 well

- Valeura reports positive preliminary results recording best gas flow rates from its testing of BCGA play to date
01.12.2019 Upstream , Projects , Turkey

Building renewables industry through private sector

- Renewables offers solution to global warming, climate change and via Energiewende will help Germany move from nuclear power
30.11.2019 Renewable , Projects , Renewable , Europe

Germany’s natural gas imports up 25.6% in Jan-Sept

- Total natural gas imports increases year-on-year by 25,6 % in Jan-Sept, bill up 8,8%
28.11.2019 Downstream , Projects , Europe

Oil-rich Saudi Arabia plans to shift to nuclear energy

- World's top oil exporter wants increase in share of alternative energy to reduce fossil fuels for electricity generation
28.11.2019 Electricity , Oil , Nuclear , Projects , Energy Projects , Middle East-Africa

Turkish investors aim to increase trade with Iran

- Goal is to increase trade volume to $30 billion, says chairman of Turkey’s Foreign Economic Relations Board
18.11.2019 Finance , Projects , Turkey , Middle East-Africa

Saudis to extract oil until last molecule: Energy Min.

- Saudi Arabia is working on a noble program to create a new way of using oil and gas
14.11.2019 Electricity , Oil , Projects , Energy Security , Energy Projects , Middle East-Africa

Turkey, Denmark work closely for offshore wind growth

- Work includes tender design & procedures, financial framework, port infrastructure, and road map: Danish Embassy Counselor
14.11.2019 Wind , Projects , Invesments , Turkey , Europe

Turkey to roll out digital currency soon

- Annual Presidential Program announces plan to establish financial technopark in Istanbul
07.11.2019 Finance , Projects , Turkey

Turkey's renewable share in electr. at 46% in 10 months

- Local and renewable energy combined show record high share of 64% in electricity production, energy minister says
06.11.2019 Wind , Projects , Renewable , Turkey

Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
05.11.2019 Upstream , Projects , Oil , Middle East-Africa

SE Europe: vulnerable after Russian gas transit expiry

-When gas transit through Ukraine ends in 2020, South East Europe could be susceptible to supply issues, Oxford official says
22.10.2019 Natural Gas , Projects , Energy Diplomacy , Europe , Eurasia , General

Gulf of Mexico crude production to continue records: EIA

- Crude output in region estimated to set new records in 2019 and 2020 by averaging 1.9 million bpd and 2 million bpd
18.10.2019 Upstream , Projects , Americas

Turkey strengthens academia-industry cooperation

- Turkish industry ministry continues industry fellowship program to enhance qualified labor force
15.10.2019 Projects , Invesments , Turkey

Qatar to store more than 5M tons of CO2 a year by 2025

- Country expanding carbon capture and storage facility while increasing liquefied natural gas capacity
09.10.2019 Lng/Lpg , Projects , Middle East-Africa

Significant uncertainty over Europe wind power capacity

- Ambitious National Energy & Climate Plans, improved permit measures and investments in new grid capacity all keys to growth
08.10.2019 Wind , Projects , Energy Projects , Europe

- ‘Turkey wants to be producer of new technologies’

- Turkey wants to be producer of new technologies, not the market, says Turkish Vice President
23.09.2019 Finance , Projects , Invesments , Turkey

Three quarters of Nord Stream 2 pipeline complete

- Once completed, Nord Stream will have capacity to transport 55 billion cubic meters of gas per year from Russia to Europe
27.08.2019 Natural Gas , Projects , Europe , General

UK backs clean energy projects in S. Africa with £14M

- Projects expected to power nearly 200,000 homes annually
20.08.2019 Renewable , Projects , Invesments , Middle East-Africa

Welsh, Irish coast gets €1.3M to aid with climate change

- EU funding to help locals observe and record data about coastal environment to strengthen businesses against climate change
10.08.2019 Projects , International Relations , Energy Projects , Europe

Turkey eyes enhanced trade, defense with Philippines

- Turkish foreign minister meets his Philippine counterpart Teodoro Locsin as part of ASEAN meeting
30.07.2019 Projects , International Relations , Asia

Top 10 wind turbine makers to spend €2.3B on R&D by 2023

- Wood Mackenzie reports shows that almost 100 new turbine models will hit the market by 2024
25.07.2019 Wind , Projects , Electricity , World , Asia , General

UK-Denmark power link gets green light with €1.1B deal

- Construction of the Viking Link is expected to be completed by the end of 2023
25.07.2019 Electricity , Projects , Europe

BP to join Bunge in new ethanol venture in Brazil

- Joint venture to have 32 million metric tonnes of combined crushing capacity per year
24.07.2019 Renewable , Projects , Americas

Saudi Aramco awards oil, gas contracts worth $18B

- Company plans to boost Marjan and Berri fields’ output capacity by 550,000 barrels per day of oil
11.07.2019 Oil , Projects , Invesments , Middle East-Africa

Kazakhstan aims to become Eurasian financial leader

- Roadmap focuses on improving institutional oversight, and expanding capital markets in both conventional and Islamic finance
06.07.2019 Projects , Invesments , International Relations , Eurasia , Asia

Scotland's green economy gets £10 million boost

- Electric bike hire schemes, electric bin lorries, zero-emission buses, community hydropower station among selected projects
03.07.2019 Renewable , Projects , Invesments , Europe

US-led economic conference kicks off in Bahrain

-Jared Kushner describes the "deal of the century" as "opportunity of the century"
26.06.2019 Projects , Americas

Eni, NextChem to turn waste into energy

- New technology reuses large amounts of non-recyclable waste to produce chemical products and fuel
10.06.2019 Projects

European consortium launches carbon capture project

- Industrial-scale project has €19.3 milion budget and is part of Horizon 2020, EU’s research and innovation program
30.05.2019 Projects , Energy Projects , News from companies , Europe , General

EBRD, Turkish bank sign $112M financing agreement

- European, Turkish banks to jointly provide financing for Turkish businesses
29.05.2019 Projects , Invesments , Turkey

UK to ban plastic straws, stirrers & buds in Apr. 2020

- In England, 4.7 billion plastic straws, 316 million plastic stirrers, 1.8 billion plastic-stemmed cotton buds are used annually
24.05.2019 Renewable , Projects , Europe

Wales plans floating homes under new tidal lagoon proj.

- Construction could start in 2021, with project operational by end of 2026
23.05.2019 Renewable , Projects , Europe

Scotland supporting electric biking with £1.14m fund

- 45 projects and 460 e-bikes, e-cargo bikes and e-trikes were funded in previous two rounds of scheme
17.05.2019 Projects , Invesments , Europe

Gazprom confirms first gas via TurkStream by December

- Sub-sea section and Russia's land section have been finished while Turkey's onshore section is nearly 73% complete
16.05.2019 Natural Gas , Projects , Turkey , Eurasia , General
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