BSTDB Provides €75 Million to Support Rönesans Holding’s Strategic Investments in Türkiye
Financing reinforces Türkiye’s role as a regional hub for trade, industry and investment
The Black Sea Trade and Development Bank (BSTDB) is providing €75 million to Rönesans Holding to support equity investments in key industrial and infrastructure projects across Türkiye.
The financing is part of a broader funding package that includes a USD 461 million club facility with the Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC).
The programme will support investments in petrochemicals, ports and logistics, and transport infrastructure, helping expand industrial capacity, strengthen supply chains, and enhance regional connectivity.
“Infrastructure, industrial development and connectivity are fundamental drivers of sustainable growth and regional integration. Through this financing, BSTDB is backing investments that strengthen Türkiye’s productive capacity while improving transport and logistics networks across the region,” said Dr. Serhat Köksal, President of BSTDB.
“This landmark financing represents an important milestone for Rönesans Holding and reflects the strength of our long-standing partnerships with international development finance institutions. Bringing together five leading DFIs under a single financing structure is not only a strong endorsement of Rönesans Holding’s vision and growth strategy, but also a clear demonstration of continued international confidence in Türkiye’s long-term potential. We are grateful to BSTDB for their trust and commitment, and look forward to building on these relationships to deliver sustainable, long-term value,” said İpek Ilıcak Kayaalp, Chairperson of Rönesans Holding.
Rönesans Holding, founded in 1993, has grown into a leading international investment and construction group. Its activities span commercial, public, industrial, infrastructure and residential construction, as well as real estate investment and asset management, healthcare and transport PPPs, renewable energy, digital infrastructure, and large-scale industrial projects. The company operates in more than 30 countries, with a strong presence in Türkiye and Europe
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. The BSTDB headquarters are 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.
