Sustainability Milestones

2021

By renewing the financing it received from IFC with the same amount and maturity in 2021, it continued to support its customers against the effects of Covid-19 in adverse market conditions.
As part of its work in sustainable finance, Garanti BBVA is implementing the Green Finance Specialist training course in cooperation with the Green for Growth Fund (GGF) Technical Support Facility and Renewable Energy Academy (RENAC) to increase the technical expertise of 30 employees.

2020

Garanti BBVA provided support for the sustainability of SME customers whose cash flow was adversely affected by the pandemic. To this end, in 2020, it received financing of USD 50 million from IFC and USD 54.7 million from the EBRD.

2019

In order to support women entrepreneurs, a Women Entrepreneur Export Support Loan protocol was signed with Turk Eximbank in 2019.
USD 133 million financing for energy efficiency and renewable energy projects, SMEs, and women entrepreneurs in 22 provinces within the scope of the protocols signed between Garanti BBVA, International Finance Corporation (IFC), Austrian Development Bank (OeEB), with Green Growth Fund (GGF) support.
With the Green Bond product, the first Green Bond issuance in international markets in 2019, Garanti BBVA aimed to support renewable energy and resource efficiency investments and social benefit projects that provide solutions to climate change.

2018

Garanti BBVA, with IFC, made Turkey's first social bond (Gender Bond) issuance for women entrepreneurs with a 6-year maturity of USD 75 million. Within the scope of this transaction, the bank provides women entrepreneurs with working capital of up to 400,000 TL with maturities of up to 36 months.

2017

In 2017, Garanti BBVA signed a 540 million TL contract with the World Bank group member, IFC (International Finance Corporation), within the scope of the Mortgage Covered Securities Issuance (ITMK) program, with a maturity of 5 years for USD 150 million. This contract is Garanti BBVA's first green Mortgage Covered Securities (ITMK) issuance, as well as the first İTMK issuance in which IFC has invested in Turkey.