BAKU, Azerbaijan, August 17. The Asian
Development Bank (ADB) has signed a $50 million medium-term
financing agreement with Yapı Kredi Leasing to expand financing for
renewable energy, energy efficiency and green industry projects in
Türkiye.
According to ADB, the agreement marks ADB’s first transaction
with a financial leasing company in Türkiye and is aimed at
supporting sustainable leasing operations of Yapı Kredi Leasing,
one of the country’s largest leasing firms. The financing will be
directed toward sustainable lease portfolios covering solar
photovoltaic, wind and geothermal energy projects, electric
vehicles and charging infrastructure, as well as energy-efficient
industrial equipment, particularly in the textile sector.
Around 15% of the loan proceeds will be allocated to blue lease
portfolios, including projects related to the production of
biodegradable plastic packaging, fisheries equipment, plastic
recycling facilities and wastewater treatment plants.
“ADB’s first transaction in Türkiye’s financial leasing
industry, which plays an important role in financing productive
investment for the country’s growth and development,” ADB Director
General for Central and West Asia Leah Gutierrez said.
She noted that cooperation with the government and private
sector through Yapı Kredi Leasing would support investment in
energy production and consumption, while contributing to Türkiye’s
efforts to strengthen economic resilience and environmental
sustainability.
Yapı Kredi Leasing CEO Fatih Torun said the partnership with ADB
would expand access to leasing solutions and support Turkish
companies in investing in technologies aimed at improving
competitiveness, resource efficiency and sustainability.
The project is aligned with ADB’s Interim Country Partnership
Strategy for Türkiye for 2025–2027, as well as Türkiye’s Green Deal
Action Plan and Medium-Term Economic Programs.
Yapı Kredi Leasing is directly owned by Yapı Kredi, Türkiye’s
fourth-largest private bank by assets and a member of Koç Group.
The leasing company participates in Koç Group’s Carbon Transition
Program, launched in 2021 with the goal of achieving carbon
neutrality by 2050.
