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Turkish DenizBank announced Monday that it secured a $1.1 billion syndicated loan under its Sustainable Finance Framework, drawing significant investor interest from global institutions across 3 currencies.
According to the bank’s statement, the facility was oversubscribed by 130%, with participation from 47 banks across 22 countries. The funding was provided in U.S. dollars, euros, and Chinese yuan, and features a maturity structure extending up to 3 years.
The bank noted that 44% of the total facility was obtained with maturities exceeding the traditional one-year renewal period. This longer-term commitment was interpreted as a sign of growing confidence in Türkiye’s market conditions.
The syndicated loan was issued within the framework of sustainable finance, meaning the proceeds will be allocated to projects that generate positive environmental or social impact.
DenizBank highlighted that its focus will remain on supporting key sectors including agriculture, women-led enterprises, and small and medium-sized enterprises (SMEs), where it already holds a market share of over 50% among private banks in Türkiye.
DenizBank CEO Recep Bastug emphasized that the transaction was fully aligned with the bank’s sustainable finance principles. He added that the long-term structure of the deal sets an example for more resilient access to funding in Türkiye.
Bastug reiterated that the bank places sustainability at the heart of its strategy, directing funds to projects that prioritize environmental impact and social inclusion, while also generating long-term value.
Bastug stated that the bank will use this new funding to support employment in agriculture, strengthen SMEs, and enhance women’s participation in the economy. He added that DenizBank would expand its range of green financing solutions to help carbon-intensive businesses transition to a low-carbon economy.
He also pointed to the bank’s ongoing efforts in areas such as renewable energy, green building investments, emission reduction and prevention, water and waste management, and sustainable transportation. He said that DenizBank remains committed to directing internationally sourced funds to projects that deliver both environmental and social benefits.
Founded in 1997, DenizBank is owned by Emirates NBD, the state-run lender of the United Arab Emirates
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