Garanti BBVA Romania will allocate for financing an amount equivalent to 170% of the EBRD loan, with the bulk going into green energy projects.
“We are proud to strengthen our trusted partnership with the EBRD, through a project that delivers real impact for the future. This funding reflects our firm commitment to supporting the transition to a green economy. Both Garanti BBVA and the EBRD share the common goal of contributing actively to sustainable development, with a positive impact on the environment and society. Sustainability is not just a responsibility, but a true growth driver for Garanti BBVA – a strategic direction that guides all our actions dedicated to clients and communities,” said Mustafa Tiftikcioğlu, CEO of Garanti BBVA Romania.
The loan granted to Garanti BBVA by the EBRD is structured in compliance with the Capital Requirements Regulation and Capital Requirements Directive IV.
“We are delighted to partner with Garanti BBVA on this subordinated loan, which will strengthen the bank’s capital base and enhance its green lending capacity,” said the EBRD’s Kristina Zagar, Director of EU Banks & Structured Finance.
Garanti BBVA is part of Garanti BBVA Romania group, alongside Garanti BBVA Leasing and Garanti BBVA Fleet Management. Garanti BBVA Romania is owned by Garanti BBVA, Türkiye’s second largest private bank by consolidated assets whose majority shareholder is Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).