EBRD loan to Şekerbank boosts agri-financing in Türkiye

• EBRD loan to Şekerbank to focus on agriculture
• Loan comes under the EBRD’s Green Economy Financing Facility II
• Sustainable agriculture key for green transition  

The European Bank for Reconstruction and Development (EBRD) is providing a loan of €25 million to Türkiye’s Şekerbank to on-lend to clients implementing green economy investments, most notably sustainable agriculture.  

With an ambitious net zero target of 2050, ensuring food security by reducing the risks that natural hazards pose, including through agriculture-related adaptation measures, is one of Türkiye’s significant NDCs. Agriculture remains a driver of the economy, accounting for about 6.5 per cent of GDP and nearly 17 per cent of employment.  

Francis Malige, EBRD Managing Director for Financial Institutions, said: “Sustainable agriculture must be addressed not only for a greener future, but also for food security, which remains a challenge on a global scale. We are pleased to be focusing on agriculture in a country such as Türkiye, where the potential for climate-resistant, productive agriculture is encouraging. We are confident that our partnership with Şekerbank in this field will allow us to expand this focus and provide further support to the country’s green future.” 

The EBRD is among Türkiye’s key investors, with more than €20 billion invested through 453 projects and trade finance limits since 2009, most of which was in the private sector.