Ziraat Bankası Sets Green Loan Limits for Industrial Zones
The package offers investment and working-capital loans, with financing tied to emissions cuts or improved energy efficiency.
Key takeaways
- Investment loans can reach TL 500 million for non-SMEs and TL 100 million for SMEs.
- Eligible projects must cut carbon emissions by at least 15% or raise energy efficiency by at least 15%.
Ziraat Bankası has announced a green loan package for organized industrial zones and companies operating within them. Investment loans can reach TL 500 million for non-SMEs and TL 100 million for small and medium-sized businesses.
Eligible investments must reduce carbon emissions by at least 15% or improve energy efficiency by at least 15%. The package includes separate loan products for recycling and other green transition projects, with guarantees from the Credit Guarantee Fund available.
Investment loans can run for up to 120 months, with principal payments deferred for up to 24 months. Working-capital loans have a maximum 24-month term and up to six months without principal payments.
Financing can be provided in Turkish lira, dollars or euros. The bank said the package was prepared with the Ministry of Industry and Technology and the Credit Guarantee Fund.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
