{"id":16928,"date":"2021-03-29T15:24:06","date_gmt":"2021-03-29T12:24:06","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=16928"},"modified":"2021-03-29T15:24:42","modified_gmt":"2021-03-29T12:24:42","slug":"turkish-japanese-banks-ink-170m-green-credit-deal","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/turkish-japanese-banks-ink-170m-green-credit-deal\/","title":{"rendered":"Turkish, Japanese banks ink $170M green credit deal"},"content":{"rendered":"\n<p><strong><em>With new loan, Turkish development bank aims to provide further backing for renewable energy projects<\/em><\/strong><\/p>\n\n\n\n<p>The Turkey Development and Investment Bank (TKYB) on Monday signed an environment-focused credit agreement worth $170 million with the Japan Bank for International Cooperation (JBIC), aiming to support renewable energy projects.<\/p>\n\n\n\n<p>In a written statement, the TKYB emphasized its efforts to combat climate change.&#8221;We play an active role in the realization of renewable energy investments. By the end of 2020, 57% of our loan portfolio consists of renewable energy projects and 63% of sustainability-themed loans,&#8221; said TKYB General-Director Ibrahim Oztop.<\/p>\n\n\n\n<p>Citing the green-themed loan with the JBIC, Oztop said the TKYB aims to reduce the usage of fossil-fuel, as well as decrease Turkey&#8217;s energy dependence by providing funding for investments that have renewable energy production licenses.<\/p>\n\n\n\n<p>He underlined that this was the third green loan agreement signed with the Japanese Bank, with the first and the second signed in 2013 and 2015, respectively. He said: &#8220;The latest one is an indicator of both the close relationship between the two banks and the trust in our country and our Bank.&#8221;<\/p>\n\n\n\n<p>Also commenting on the agreement, Ryuta Suzuki, Istanbul Representative of JBIC, said this was the bank&#8217;s first green loan with assisted advanced technology.<\/p>\n\n\n\n<p>Thanking the Turkish Treasury and Finance Ministry for its warranty support, Suzuki said the loan would support more energy efficiency projects by applying advanced Japanese technology.<\/p>\n\n\n\n<p>The TKYB was the first state-owned bank to establish Environmental Management Systems in 2010 with the purpose of transitioning to a low-carbon economy and fighting climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With new loan, Turkish development bank aims to provide further backing for renewable energy projects The Turkey Development and Investment Bank (TKYB) on Monday signed an environment-focused credit agreement worth &hellip;<\/p>\n","protected":false},"author":2,"featured_media":16930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1036],"tags":[400,445,312,605,9739,44,191,334,3012,5],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2021\/03\/Turkish-Japanese-flag.jpg?fit=697%2C411&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/16928"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=16928"}],"version-history":[{"count":2,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/16928\/revisions"}],"predecessor-version":[{"id":16931,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/16928\/revisions\/16931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/16930"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=16928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=16928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=16928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}