EUR 30 MILLION LOAN FROM KFW TO YAPI KREDİ LEASING
Yapı Kredi Leasing signed a loan agreement with KfW Entwicklungsbank (German Development Bank) with a total maturity of 7 years including a grace period of 3 years. This loan with a total amount of EUR 30 million will be used to finance the energy efficiency projects
This loan has a particularity of being the very first energy efficiency loan from abroad to Turkey and provided under a joint project with IFC.
In his statement the Director General Mr. Yavuz Sariyildiz said that: KfW provided a loan for the first time to Yapi Kredi Leasing other than banks in the financial sector in Turkey. We keep our leadership in the leasing sector having a marked share of 15%. We are also proud to get the first energy efficiency loan from KfW to Turkey. We shall keep on supporting Turkish industry with long term loans with considerable conditions.
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