Proparco lends €75M to Garanti BBVA Leasing for Türkiye's green transition
What's the deal? ProparcoDealroom has a profile for this one. Try Dealroom → is providing a €75 million long-term loan to Garanti BBVA LeasingDealroom has a profile for this one. Try Dealroom → to fund the Turkish company's climate-related investments. The facility will finance renewable energy, energy efficiency, electric vehicles, and other climate-focused projects, with access for small and medium-sized enterprises (SMEs) a stated priority.
What's the endgame? The money will be used entirely to finance climate-focused investments across Türkiye's private sector. The deal pairs Garanti BBVA Leasing's customer network and sector expertise with Proparco's development finance capabilities.
Why it matters: Türkiye's green transition demands long-term capital that conventional lending often fails to reach. By channelling finance through a leasing company, the arrangement widens access for businesses that struggle to fund equipment and efficiency upgrades.
"The scale of investment required for Türkiye's green transition calls for the mobilization of long-term, impact-driven financing on a much broader scale," said Steven Gardon, Proparco's regional director for Türkiye, Central Asia and the Caucasus, the Balkans and Eastern Europe.
The signal: The loan is part of a broader push to route climate finance through Türkiye's leasing sector. In recent months, BSTDB announced a €50 million green facility for İş Leasing, and the EBRDDealroom has a profile for this one. Try Dealroom → offered up to €100 million to the same lender under its GEFF III programme. Proparco's deal confirms leasing companies as a growing channel for climate capital in emerging markets, rather than an isolated bet.
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