Akbank and EBRD back Sanmar with €45M for electric maritime push
What's the deal? AkbankDealroom has a profile for this one. Try Dealroom → and the European Bank for Reconstruction and Development (EBRD)Dealroom has a profile for this one. Try Dealroom → will provide €45 million in debt financing to Turkish shipping firm Sanmar DenizcilikDealroom has a profile for this one. Try Dealroom →. The package splits evenly, with €22.5 million from each lender, to support the company's operations and future investments.
Why now? The financing falls under a Risk Sharing Framework that Akbank and the EBRD have run since 2021, aimed at backing mid-sized firms aligned with sustainability principles. It ranks among the largest transactions completed under that program.
What's the endgame? The money supports Sanmar's development of advanced electric maritime solutions, contributing to the decarbonisation of the shipping sector.
Why it matters: İdil Gürsel, EBRD's acting head for Türkiye, said the deal reflects the bank's priorities in the country, which it described as continuing to assert its strength "as a hub of industrial innovation and green investment" (translated from Turkish).
The signal: The round shows how international lenders and Turkish banks are channelling capital toward low-carbon industrial projects, pairing commercial financing with climate goals in sectors like shipping that are harder to decarbonise.
Read more: yenicagri.com
Image credit: A Guy Named Nyal
