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GGF enhances support to Yapı Kredi Leasing

June 23, 2016 | Comments: 0Author:

A third senior loan was approved for Turkey’s Yapı Kredi Leasing by the Green for Growth Fund, Southeast Europe (GGF). The institution said it set EUR 20 million for the company’s financing programme for renewable energy production and energy efficient machinery.

The subsidiary of Yapı Kredi Bankası holds a strong energy efficiency lending portfolio and is rapidly developing its renewable energy financing business, the press release said. GGF’s long‐time partner has access to the 1,000 branch offices of its parent, and serves corporate clients and micro, small and medium enterprises (MSMEs) in various sectors, the statement adds.

The leasing company serves corporate clients and micro, small and medium enterprises (MSMEs) in various sectors.

The partnership began with the first loan in 2010, the fund’s chairman Christopher Knowles said. “The new credit line further deepens our relationship and will allow the GGF to foster additional renewable energy production and the replacement of outdated machinery with more energy efficient models,” he underscored.

Yapı Kredi Leasing’s general manager Fatih Torun said his company plans to allocate the funds to boost organizations working on renewable energy projects. “Our aim is to help companies improve their business while increasing their energy efficiency, which in return protects the environment. We are pleased with our partnership with GGF and determined to continue this cooperation as we support renewable energy projects in Turkey,” he stressed.