Turkey: Batisoke Soke Cimento Sanayii has secured a Euro10m loan from local lender Akbank. The 7.5-year loan will be provided from Akbank under the EURO Turkey Mid-size Sustainable Energy Financing Facility of the European Bank for Reconstruction and Development (EBRD), Batisoke said in a filing with Borsa Istanbul.
With the facility, the EBRD aims to support Turkish private-sector borrowers to implement mid-size renewable energy, waste-to-energy and industrial energy efficiency investments via providing loans to seven Turkish banks for on-lending to private sector borrowers.