BAKU, Azerbaijan, January 29. The European Bank
for Reconstruction and Development (EBRD) invested a record €2.7
billion in Türkiye in 2025, once again making the country the
Bank’s largest area of operation by annual investment volume,
Trend reports
via the Bank.
The funding was channeled into 54 projects, with 91 per cent of
total investment directed to the private sector, underlining the
EBRD’s continued focus on market-led growth. The figure builds on a
strong performance in 2024, when the Bank invested €2.6 billion in
the country.
A flagship transaction in 2025 was the €315 million syndicated
loan to Fraport TAV Antalya, provided to refinance a short-term
bridge loan. It marked the EBRD’s largest syndicated deal in
Türkiye during the year, bringing together a broad group of
international financial institutions alongside existing
lenders.
Support for regions affected by the February 2023 earthquakes in
south-eastern Türkiye remained a central focus in 2025 and
represents one of the Bank’s largest ongoing commitments. Over the
past three years, the EBRD has invested €1.6 billion, surpassing
its original pledge to the affected areas.
In 2025 alone, the Bank committed €195 million to two major
infrastructure projects: €95 million for wastewater and stormwater
networks in Adıyaman, and €100 million for the Arsuz sewerage
network and the Üçgüllük wastewater treatment plant in Hatay.
Additional financing was provided to Enerjisa Enerji to support
the reconstruction and modernization of electricity distribution
networks in the earthquake-affected Toroslar region, alongside the
development of solar power plants. The Bank also extended €45
million to the municipality of Mersin, which has faced pressure on
public services due to inflows of displaced people, to finance new
wastewater facilities.
In 2025, 66 percent of EBRD investment in Türkiye supported the
country’s green transition, with a focus on decarbonization and
renewables, while 61 per cent of total investment promoted equal
opportunities for women.
Among key green projects, the EBRD provided a US$200 million
loan to Enerjisa Enerji Üretim to support the construction of 250
MW of wind power capacity in Muğla. The project is seen as a
landmark for the Just Transition agenda, with the company
committing to create a nationally accredited training program to
reskill coal-sector workers for jobs in renewables, agriculture and
tourism.
The Bank also continued to expand green finance through the
Türkiye Green Economy Financing Facility (GEFF). After allocating
€280 million to partner banks under GEFF I and II in 2025, the EBRD
launched GEFF III, with a total size of €1 billion.
Decarbonization of hard-to-abate sectors featured prominently,
with a €50 million loan to Çimsa to support its decarbonization
program and a US$50 million investment in a Eurobond issued by
Çimko Çimento ve Beton Sanayi.
Human capital development remained a priority, with support for
youth- and women-led businesses and the rollout of the Youth in
Business program in Türkiye, expected to mobilize up to €250
million in financing. Complementing this, the EBRD extended a €75
million loan to Türkiye Sınai Kalkınma Bankası (TSKB) to improve
access to finance for women and young people.
Support for small and medium-sized enterprises (SMEs) continued
through partnerships with leading banks, including a US$130 million
facility with Akbank for inclusive growth and digital investment, a
€25 million loan to DenizBank under the Digital Transformation
Financing Facility, and a risk-sharing facility under Akbank’s
Supply Chain Finance Program to benefit DeFacto’s suppliers.
Since 2009, the EBRD has committed more than €23 billion in
Türkiye, the vast majority in the private sector, cementing the
country’s position as one of the Bank’s most strategic and
significant investment destinations.
