DenizBank renewed its syndicated loan with an increased funding amount by 117% that includes sustainability performance targets. With this transaction, the fresh funding amount contributed by DenizBank to the economy exceeded $1.4 billion since the beginning of 2023.
Mizuho Bank acted as an Arranging Bank in the transaction, which was coordinated by Abu Dhabi Commercial Bank, Emirates NBD Capital, and ICBC Turkey. Emirates NBD Capital, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation participated in the transaction as the ESG (Environmental, Social, and Corporate Governance) Coordinator.
DenizBank CEO Hakan Ateş, commented on the syndicated loan obtained, stating: “By achieving the industry’s highest turnover rate at 117%, we are providing $530 million in foreign funding. We are proud to have 7 new participant banks from different countries in this transaction, which is a testament to our reliable position and reputation in international markets. The fresh funding amount contributed by our bank to the economy has exceeded $1.4 billion since the beginning of 2023, including this syndication transaction. For this transaction, we have set the following sustainability performance targets for ourselves:
To create resources so that our farmers and small and medium-sized enterprises, which were affected by the 6 February earthquake, can continue their activities with the least damage;
To bring more women’s power to the economy by increasing the access of our women SMEs to finance;
To support renewable energy investments such as solar energy, wind energy and bio energy.
Simultaneously with our syndication loan, we also provide a financing of 20 Million Dollars to heal the wounds of our citizens in the disaster area.
Thus, the amount of loans we have obtained from abroad in connection with the earthquake reaches 80 Billion Dollars.
DENİZBANK
DenizBank is one of the leading banks in Turkey. It was founded in 1938 and offers a wide range of banking services and products to individual and corporate customers. DenizBank provides services in various areas, including retail banking, corporate banking, SME banking, investment banking, and asset management. The bank is known for its innovative approach and customer-centric focus. DenizBank aims to provide financial solutions that meet the diverse needs of its customers and contribute to the growth and development of the Turkish economy.