Garanti BBVA provides $40 million in financing for data center investment

Garanti BBVA announced the signing of a $40 million project financing package for the data center investment by NGN and Star of Bosphorus.

Financing Package

Garanti BBVA has completed the financing process for the data center investment carried out in cooperation with NGN and Star of Bosphorus. The $40 million financing package provided within the scope of the project has been signed by the parties.

Artificial Intelligence and Infrastructure

Garanti BBVA Executive Vice President Sinem Edige stated that digitalization and artificial intelligence investments are gaining momentum. Edige emphasized that it is valuable to address the infrastructure supporting this growth with energy efficiency and sustainability criteria.

Sustainability Goals

Sinem Edige stated that the real transformation takes place in companies' investment decisions and business models. She noted that today's energy efficiency and technology investments will directly impact competitiveness.

COP31 and Sector Responsibility

Noting that they are approaching COP31, where they are a Global Banking Partner alongside BBVA, Edige stated that they consider financing qualified investments that support sustainability goals to be among the important responsibilities of the sector.