Sustainability move from Vakifbank: Loan portfolio is at the level of $1.5 billion

Vakifbank took the initiative in the field of sustainability. Delivered the ‘Sustainable Banking’ logo to its branches in 81 provinces. Vakifbank General Manager Abdi Serdar Ustunsalih said that they will do things that will set a model for the country in the field of sustainability as well as in digitalization.

Ustunsalih said, “The basic principles of sustainability are very much in line with the founding principles of our 67-year-old bank. We are a bank that has never defined our business only in a commercial cycle, but always taken into account the economic, environmental and social impacts of our activities. With sustainability coming to the fore at the corporate level all over the world, we started to base our banking activities on international sustainability standards. We have made sustainability a part of our corporate strategy.”


Ustunsalih stated that they made a Sustainable Eurobond transaction in December 2020 and September 2021, and that they carried out the syndication renewal in April 2021 as a sustainable syndication, and that they are currently the bank with the most sustainable themed resources in the funding structure.

Stating that as of the end of September, the loan portfolio consisting of green and social loans suitable for sustainable bond issuance is at the level of $1.5 billion, Ustunsalih explained that they also obtained funds from the French Development Agency and said, “We adopt a responsible and green financing approach in the projects we finance as well as the resources we provide.”


Stating that they aim to diversify their sustainable product range in both individual and commercial areas, Ustunsalih said, “Thus, we aim to increase sustainable-themed loans every year in our assets as well as in the liabilities of our balance sheet. In loan allocation processes, we carry out our work with our special unit that we have established to measure environmental and social risks.” Ustunsalih said that they offer advantageous loans for electric and hybrid vehicles and houses with high energy efficiency, and that they have made the Sustainability and Resource Efficiency Loan product available for commercial enterprises.

Source: Sabah / Translated by Irem Yildiz

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