Garanti BBVA Secures EUR 400 Million DPR Financing
Garanti BBVA Secures EUR 400 Million DPR Financing
Garanti BBVA has secured a total of EUR 400 million in Diversified Payment Rights (DPR) financing from international markets with maturities of 1,907 and 2,547 days under its international borrowing program. As the Bank’s first DPR financing since 2019, the transaction allocates EUR 100 million in total to support the investment and growth needs of women and young entrepreneurs.
In line with its strategy of diversifying funding sources in international markets and strengthening access to long-term financing, Garanti BBVA has completed a EUR 400 million Diversified Payment Rights (DPR) financing transaction.
Based on the Bank’s existing and future foreign currency-denominated payment orders, the DPR structure provides long-term funding while contributing to the diversification of wholesale funding sources.
EUR 100 Million in Financing for Women and Young Entrepreneurs
As part of the transaction, EUR 50 million will be allocated to small and medium-sized enterprises owned or managed by women. The remaining EUR 50 million will be used to meet the financing needs of micro, small and medium-sized enterprises owned or managed by entrepreneurs under the age of 35.
Mahmut Akten: “We continue to develop solutions that strengthen access to finance”
Commenting on the transaction, Garanti BBVA CEO Mahmut Akten said:
“Our strong relationships in international markets and our ability to access diverse funding sources are among the key pillars of our long-term funding strategy. With our EUR 400 million DPR transaction, we are diversifying our funding sources while further strengthening our international partnerships. We believe that financing, advisory and development support for women and young entrepreneurs will contribute to the growth and competitiveness of their businesses. We will continue to provide solutions that support sustainable and inclusive growth of the Turkish economy.”
With this transaction, Garanti BBVA is further strengthening its access to long-term international funding and diversifying its funding structure. The financing provided will enhance the Bank’s ability to meet the investment and growth needs of businesses, further strengthening its contribution to the real economy.