BAKU, Azerbaijan, June 11. The European
Investment Bank (EIB) has signed two new financing agreements worth
€100 million each with the Development and Investment Bank of
Türkiye (TKYB) and Türk Eximbank to support green investment
projects in the country, reads a message on the Bank’s website.
Under the agreements, the two Turkish financial institutions
will on-lend the funds to small and medium-sized enterprises (SMEs)
and mid-cap companies for investments in renewable energy and
energy efficiency.
The financing is expected to contribute to reducing greenhouse
gas emissions, strengthening energy security and supply chains,
enhancing climate resilience, and supporting the creation of green
jobs in Türkiye.
The EIB Group, the lending arm of the European Union owned by
its 27 member states, remains one of the world’s largest
multilateral development banks. In 2025, it signed €100 billion in
new financing and advisory support for more than 870 projects
across key priority areas, including climate action,
digitalisation, security and defence, social infrastructure,
agriculture, and global partnerships.
The Bank has been active in Türkiye since 1965, with cumulative
investments of nearly €31 billion directed mainly toward SMEs,
transport, energy, and urban infrastructure projects supporting
economic and social development.
TKYB plays a key role in addressing the economic impact of
limited energy resources and climate change by financing renewable
energy projects and promoting the efficient use of domestic energy
sources, with the aim of reducing fossil fuel dependence and
strengthening energy independence.
As for Türk Eximbank, all supported transactions are assessed
for their environmental, social, and human rights impacts in line
with its Environmental Guidelines. Projects are classified into
categories A, B, or C depending on their potential impact, ranging
from significant to minimal environmental and social risks. The
bank has also underlined its commitment to transparency and
potential public disclosure of impact-related information, subject
to confidentiality considerations.
