BSTDB Expands Support for Environmentally Sustainable Investments in Türkiye
EUR 50 million loan to İş Leasing to boost sustainable finance
The Black Sea Trade and Development Bank (BSTDB) is extending a EUR 50 million Green Leasing Facility to İş Leasing to support environmentally sustainable projects.
The financing will further enhance BSTDB’s longstanding partnership with İş Leasing, including by diversification of use of proceeds to facilitate İş Leasing’s sustainability-related financing as part of its broader corporate sustainability strategy. By helping reduce environmental impact and improve resource efficiency, BSTDB funds will contribute to climate mitigation efforts while strengthening the resilience and competitiveness of the private sector. The operation is fully aligned with BSTDB’s commitment to advancing climate finance and integrating environmental, social, and governance (ESG) principles into its core operations.
“Leasing is an effective alternative to traditional financing, and we are pleased to partner with İş Leasing to support environmentally sustainable investments,” said Dr. Serhat Köksal, President of BSTDB. “This facility will channel much-needed resources into green solutions and practices, helping businesses reduce emissions, improve energy efficiency, and align with evolving ESG standards. By supporting decarbonisation, we are not only contributing to Türkiye’s transition to a low-carbon economy, but also fostering long-term, inclusive, and climate-resilient growth. Our continued collaboration with İş Leasing generates strong development impact by accelerating the adoption of sustainable business practices and strengthening the green transformation of the economy.”
Commenting on the agreement, U. Şafak Öğün, CEO and member of the board of İş Leasing, said: “The funding we have secured from the Black Sea Trade and Development Bank will enable us to expand financing for companies operating in the real sector, with a particular focus on SMEs investing in renewable energy, energy efficiency and carbon emissions reduction projects. We remain committed to supporting investments that generate long-term value and contribute to a more sustainable economy. We believe this facility will provide a meaningful boost to the financing of projects that advance the green transformation of our clients.”
Mr. Öğün also emphasized that İş Leasing is the first leasing company in Türkiye to conduct environmental and social impact assessments across its entire portfolio in accordance with international standards. He noted that, in this respect, the objectives of the funding are strongly aligned with İş Leasing’s sustainability framework and its broader commitment to responsible, impact-oriented finance.
İş Leasing was established in 1988 as a joint venture between the World Bank’s IFC, Türkiye İş Bankası, Türkiye Sınai Kalkınma Bankası, Sınai Yatırım Bankası, and Société Générale. In 1995, Türkiye İş Bankası acquired all the shares held by the company’s foreign partners, thereby accelerating its operations.
Having become one of the leading companies in Türkiye’s growing leasing sector, İş Leasing offered a portion of its shares to the public in March 2000. Details at: www.isleasing.com.tr
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. Headquartered in Thessaloniki, Greece, BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity, and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
Contact: External Relations and Communications Department
