The European Bank for Reconstruction and Development (EBRD) is providing a €50 million financing package to Garanti BBVA Leasing to support the resilience of businesses in Türkiye by facilitating access to green, resource efficient and climate resilient technologies, according to a press release issued on June 19, 2026. Of the total amount, €47 million will come from the EBRD, while the remaining €3 million is being supplied by the TaiwanICDF to address affordability barriers. The financing is being delivered under the Türkiye Green Economy Financing Facility III (GEFF III) programme. At least 30 percent of the package will be directed toward businesses in regions affected by the February 2023 earthquakes. The initiative seeks to enable long-term green investment to reach the places where it is needed most.
Garanti BBVA Leasing is one of Türkiye’s leading leasing companies, with several branches in the regions worst affected by the earthquakes of February 2023. The company operates as a key subsidiary of Garanti BBVA. Its role includes providing sustainable finance solutions to the real economy. The EBRD has positioned itself as one of Türkiye’s major investors, with more than €23 billion committed in the country since 2009. The bulk of this investment has gone to the private sector.
The financing package will help businesses invest in measures that reduce energy consumption, cut emissions and enhance operational continuity in the face of climate and economic shocks. The earmarked share for earthquake-affected regions is intended to help local enterprises rebuild in a way that is more resilient, efficient and sustainable. The funding structure combines EBRD capital with concessional support from TaiwanICDF. The GEFF III programme channels these resources toward green and climate resilient technologies. End borrowers across Türkiye are expected to benefit from improved access to such solutions.
Oksana Yavorskaya, the EBRD’s Deputy Head of Türkiye, welcomed the transaction.
“This project demonstrates our strong partnership with Garanti BBVA Leasing. By combining green finance with targeted support for earthquake-hit regions, we are helping businesses to rebuild more sustainably while expanding access to climate-friendly technologies. This facility will empower companies across Türkiye to invest in a cleaner, more resilient future,” she said.
Garanti BBVA Leasing’s General Manager, Orhan Veli Çaycı, described sustainability as a strategic priority for Garanti BBVA and an integral part of its business model. He added that the partnership with the EBRD under GEFF III will support customers in their transition to a low-carbon economy.
As part of the project, Garanti BBVA Leasing will also implement gender focused measures and training programmes. These initiatives will help end borrowers to develop green skills, improve their technical capacity and access new technologies. The facility is expected to contribute to the recovery and sustainable development of earthquake-affected regions. It also reinforces a longstanding partnership between the EBRD and Garanti BBVA Leasing. The collaboration aligns with Türkiye’s broader green transformation and sustainable growth agenda.
