• News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Tuesday, March 28, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business BANKS

EBRD to co-finance investment projects with Turkey’s Garanti BBVA

by By Olga Rosca
December 29, 2020
in BANKS
0
EBRD to co-finance investment projects with Turkey’s Garanti BBVA
Share on FacebookShare on Twitter

RelatedPosts

Georgia Moves towards Greener, More Resilient Development

Fast Online Application For a Bad Credit Loan

Visa: Georgia ranks 1st in contactless payments penetration globally

EBRD invests €218 million in the Georgian economy

The FINANCIAL — The EBRD continues to expand access to finance for Turkish businesses amid the coronavirus pandemic with a new agreement with Garanti BBVA. The EBRD is providing a risk-sharing facility, which – together with Garanti BBVA – will facilitate lending to local companies, primarily small and medium-sized enterprises (SMEs).

Under the agreement, the EBRD will share the risk of up to 50 per cent of each individual sub-loan provided to eligible businesses, identified jointly by the two lenders.

Clients can use the loans to finance working capital, capital expenditure and refinance existing loans. Funds can also be used as project finance for long-term projects, such as in the infrastructure or energy sector.

“Small businesses, hit hard by the pandemic, can find themselves starved of credit. The EBRD has been working hard since the onset of the coronavirus outbreak to channel much-needed funds through Turkish banks. We are delighted to join forces with our long-standing partner Garanti BBVA which is matching our contribution.”Arvid Tuerkner, EBRD Managing Director for Turkey, said.

 “As Garanti BBVA, we transfer the risk weight responsibility of half the amount to the EBRD for the loans that meet the specified criteria. This agreement has great importance in terms of being the first transaction based on risk sharing with the EBRD. Companies operating in the infrastructure and energy sector will be able to use the loan that we will fund jointly with the EBRD for the purpose of refinancing working capital, capital expenditures and existing loans. We believe that banks have an essential role to play in addressing sustainability. At a time when financial markets are so challenged by the pandemic, this agreement based on risk sharing has once again registered the international trust in our bank.”Recep Bastug, Garanti BBVA Chief Executive Officer, said.

The risk-sharing facility builds on the US$ 55 million EBRD loan provided to Garanti bank in May 2020 and aims to boost bank lending in Turkey, as the private sector is experiencing difficulties caused by the Covid-19 outbreak.

The financing is part of the EBRD’s efforts to help countries in its regions to combat the economic impact of the coronavirus pandemic and support their recovery.

The EBRD is a major investor in Turkey. Since 2009 it has invested €12.8 billion through some 330 projects in various sectors of the country’s economy, with almost all investment in the private sector. The EBRD’s €7 billion portfolio in Turkey is the largest among the 38 economies where the Bank invests.

Tags: BanksEBRDGaranti BBVAInvestmentsprimarily small and medium-sized enterprises (SMEs).The EBRD continues to expand access to finance for Turkish businesses amid the coronavirus pandemic with a new agreement with Garanti BBVA. The EBRD is providing a risk-sharing facilityTurkeywhich – together with Garanti BBVA – will facilitate lending to local companies
ADVERTISEMENT
By Olga Rosca

By Olga Rosca

Since 2005

Related Posts

Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future
BANKS

Georgia Moves towards Greener, More Resilient Development

by By Olga Rosca
March 27, 2023
0

The World Bank’s Board of Executive Directors today approved two new operations for Georgia – the $75 million Georgia Resilient...

Read more
Loans

Fast Online Application For a Bad Credit Loan

February 17, 2023
Majority of public believes high-level corruption is common in Georgia

Visa: Georgia ranks 1st in contactless payments penetration globally

February 1, 2023
EBRD will issue a loan to help GOGC refinance a $250 Mln Eurobond

EBRD invests €218 million in the Georgian economy

January 30, 2023
Next Post
EBRD and TSKB support Turkish medical equipment producer Asset Medikal

EBRD and TSKB support Turkish medical equipment producer Asset Medikal

Please login to join discussion
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
How to Check KRA Pin Using ID Number

How to Check KRA Pin Using ID Number

June 25, 2018
How to Manage an Employee Who’s Having a Personal Crisis

5 Assets To Store Your Wealth During Times Of Crisis

September 22, 2022
Russian issue: State Sponsors of Terrorism, U.S. State Department

Americans’ Favorable Rating of Russia Sinks to New Low of 9%

March 14, 2023
Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

August 11, 2022
Gala & Muse Bar & Restaurant a Hit at the Hilton Aventura Miami

Gala & Muse Bar & Restaurant a Hit at the Hilton Aventura Miami

March 27, 2023
Casino

Protected: Crypto Casinos and Financial Regulations: A Legal Analysis

March 27, 2023
Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future

Georgia Moves towards Greener, More Resilient Development

March 27, 2023
COVID19 a wake-up call to address development fault lines in Asia and the Pacific

Rethinking public debt as positive investment in sustainable development

March 27, 2023
Maximizing Your Returns: How to Choose the Right Mutual Fund‍

Maximizing Your Returns: How to Choose the Right Mutual Fund‍

March 24, 2023

Popular Last 24h

  • Alejandro Betancourt López

    Alejandro Betancourt López Credits Social Media With the Success of Hawkers

    0 shares
    Share 0 Tweet 0
  • Georgia Moves towards Greener, More Resilient Development

    0 shares
    Share 0 Tweet 0
  • Rethinking public debt as positive investment in sustainable development

    0 shares
    Share 0 Tweet 0
  • The London Diplomatic List, Addresses, Contacts & Working Hours

    0 shares
    Share 0 Tweet 0
  • 5 Assets To Store Your Wealth During Times Of Crisis

    0 shares
    Share 0 Tweet 0
  • Your Essential Homeowners Guide to Buying Patio Doors

    0 shares
    Share 0 Tweet 0
  • How to Check KRA Pin Using ID Number

    0 shares
    Share 0 Tweet 0

LATEST POSTS

Gala & Muse Bar & Restaurant a Hit at the Hilton Aventura Miami

Gala & Muse Bar & Restaurant a Hit at the Hilton Aventura Miami

March 27, 2023
Casino

Protected: Crypto Casinos and Financial Regulations: A Legal Analysis

March 27, 2023
Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future

Georgia Moves towards Greener, More Resilient Development

March 27, 2023
COVID19 a wake-up call to address development fault lines in Asia and the Pacific

Rethinking public debt as positive investment in sustainable development

March 27, 2023
Maximizing Your Returns: How to Choose the Right Mutual Fund‍

Maximizing Your Returns: How to Choose the Right Mutual Fund‍

March 24, 2023
Protected: 6 Things You Should Know About a Master’s in Accountancy

Protected: 6 Things You Should Know About a Master’s in Accountancy

March 22, 2023
How Custom CRM Can Help Businesses: Perks, Hurdles, and Your Ultimate Game Plan

How Custom CRM Can Help Businesses: Perks, Hurdles, and Your Ultimate Game Plan

March 21, 2023
UK boosts support for International Criminal Court

UK boosts support for International Criminal Court

March 20, 2023
Children whose mothers use marijuana may try it at a younger age

By 2025, the estimated marijuana retail sales may generate up to 15 billion U.S. dollars in sales

March 20, 2023
New Study of Coronavirus Variants Predicts Virus Evolving to Escape Current Vaccines, Treatments

SARS-CoV-2 infection weakens immune-cell response to vaccination

March 20, 2023

LATEST INTERVIEWS

‘Russia cannot be treated as a reasonable and reliable trade partner

‘Russia cannot be treated as a reasonable and reliable trade partner

by By Olga Rosca
February 13, 2023
0

We should increase our joint efforts to assist the growing tech sector here in Georgia

We should increase our joint efforts to assist the growing tech sector here in Georgia

by By Olga Rosca
February 13, 2023
0

‘Georgia has much to offer to UK investors

‘Georgia has much to offer to UK investors

by By Olga Rosca
February 13, 2023
0

‘The best way for the Georgian economy to prosper is to join the EU

‘The best way for the Georgian economy to prosper is to join the EU

by By Olga Rosca
February 13, 2023
0

‘The Kremlin wants Georgia to fail or abandon its European path

‘The Kremlin wants Georgia to fail or abandon its European path

by By Olga Rosca
February 13, 2023
0

Russian Patriarch Kirill Says Dying In Ukraine ‘Washes Away All Sins’

Interview: Why Putin Might Prefer A Stalemate To Going Nuclear On Ukraine

by By Olga Rosca
October 22, 2022
0

Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

Kvaratskhelia Football Dynasty: Mamia, Badri, Khvicha and Tornike

by By Olga Rosca
August 11, 2022
0

“Green business is a key instrument to support business development in a sustainable way”

“Green business is a key instrument to support business development in a sustainable way”

by By Olga Rosca
July 27, 2022
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.