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Development Bank of Turkey received 75 Million Euro Loan from European Investment Bank
 
Home Page \ Kalkınma News \ Development Bank of Turkey received 75 Million Euro Loan from European Investment Bank

Development Bank of Turkey received 75 Million Euro Loan from European Investment Bank


75 Million Euro loan agreement for SME’s was signed between Development Bank of Turkey and European Investment Bank.


A new development credit /B for SME’s and large enterprises ( DBT credit for Renewable Energy and Energy Efficiency) agreement amount 75 million Euro was signed between DBT and EIB

The signing ceremony of 75 million euro loan agreement provided by European Investment Bank for financing renewable energy and energy efficiency projects guaranteed by Treasury was held at the Undersecretariat of Treasury.

From the year of 2002, Development Bank of Turkey was provided funds amounting 462, 5 Million Euro by means of the agreements signed in the framework of co-operation successfully sustained with European Investment Bank. The Development credit /B for SME’s and large enterprises ( DBT credit for Renewable Energy and Energy Efficiency) which is a continuation of this will support Renewable Energy, Energy Efficiency, and Co-generation and electricity distribution losses investments providing environmental advantages, aiming to reduce greenhouse gas emissions and preventing climate change except from the environmental constraints set by the EIB.

With above mentioned resource, projects of total investment amount not more than 50 million Euro should be granted on rate of 50% of investment total.

At the signing ceremony, in his brief address of thanks speech, Mr. Metin Pehlivan Acting General Director of Development Bank of Turkey stated that by the end of 2011, about 132 Renewable Energy and Energy Efficiency projects have been evaluated by our bank and TL 2.784 billion (1.6 billion USD) credit has been allocated for 85 projects with installed capacity of 1286 Mw and of today, 24 facilities generate electricity.

And Mr. Pehlivan also added that up till now, the Bank being on SME’s’ side with its supportive policy will continue to provide new sources of credit in industry, tourism, health, education, information technology, energy efficiency and renewable energy sectors.