Ziraat Bank to Sign $2 Billion Financing Agreement at COP31 Summit

Ziraat Bank General Manager Alpaslan Çakar stated in his remarks at the COP31 summit that the bank will sign $2 billion in financing agreements with four different institutions to support climate transition and real sector transformation investments.

Speaking to Bloomberg HT, Alpaslan Çakar stated that the entire resource in question will be used for climate-focused transformation projects in the real sector. Çakar noted that the total resources Ziraat Bank has secured from international markets to date have reached the $30 billion level.

Touching upon the global need for climate finance, Çakar emphasized that while an annual financing requirement of $7.8 trillion is projected between 2025 and 2030, current expenditures remain at the $2 trillion level.