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Who we are
Overview: about the EBRDWho we are
Overview: about the EBRD
Our story
Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
- Our background and history
- Our organisation
- Our values
- Strategies, governance and compliance
- Project accountability
What we do
Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
How we deliver systemic impact
Across three continents, the EBRD supports the transition to successful market economies.
- Where we work
- Products and services
- Sectors we work in
- Our projects
- Focus areas and initiatives
- Economic research
Work with us
Overview: how you can work with the EBRDWork with us
Overview: how you can work with the EBRD
What we offer for businesses
We draw on three decades of regional knowledge and financial expertise to tailor our products and approaches to each client's needs.
- Businesses
- Investors
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- Trade finance
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Light
Eng
Eng
- EBRD invests in Garanti BBVA’s second Basel III-compliant Tier II bond issuance
- Investment to strengthen Garanti BBVA’s Tier II capital
- EBRD committed to bolstering financial sector in Türkiye
The European Bank for Reconstruction and Development (EBRD) is investing US$ 75 million in Garanti BBVA’s second Basel III-compliant Tier II (B3T2) bond issuance in 2024.
The financing will be used to further strengthen Garanti BBVA’s capital position, bolster its growth prospects and optimise its capital structure, supporting its funding diversification strategy.
Garanti BBVA is Türkiye’s second-largest private bank and one of the EBRD’s longest-standing partners in the country. Since the EBRD started operating there, Garanti BBVA has participated in many of the Bank’s initiatives and proved an important partner in delivering on the EBRD`s transition agenda and operational priorities in Türkiye.
Oksana Yavorskaya, EBRD Deputy Head for Türkiye, said: "We take great pride in the strong relationship we have established with Garanti BBVA over a decade. I am confident that our partnership carries a lot of potential to boost the strength and resilience of the financial sector further in the country.”
Metin Kılıç, Head of ALM, Garanti BBVA, commented: “This Tier-2 issuance underscores our strength in building long-lasting relationships in global capital markets, the confidence investors exhibit to our strong financial position and their positive attitude to Türkiye. I would like to extend our sincere gratitude for EBRD’s valuable participation in our issuance, we appreciate their collaboration. This cooperation not only indicates a key milestone in our financial journey but also reinforces our commitment to building strong, mutually beneficial relationships with our business partners.”
The EBRD is among Türkiye’s key investors, with more than €21 billion invested through 461 projects and trade finance limits since 2009, most of it in the private sector.