DenizBank Secures $100 Million for Sustainable Investments
DenizBank announced it will use the $100 million secured from the AIIB for green transition and energy efficiency projects.
DenizBank has announced that it will utilize the $100 million funding secured from the Asian Infrastructure Investment Bank (AIIB) to finance investments in renewable energy, energy efficiency, and emission reduction.
Details of the Green Bond Issuance
DenizBank continues to secure external funding within the framework of sustainable finance. It was stated that the provided financing will be used in projects with a high environmental impact.
Management Emphasizes Low-Carbon Economy
DenizBank General Manager Recep Baştuğ stated that long-term financing of investments creating environmental and social impact is critical in the transition to a low-carbon economy.
International Cooperation and New Goals
AIIB Director General of Financial Institutions and Funds Gregory Liu noted that the transaction is the AIIB's first cooperation with both DenizBank and Emirates NBD.