Business · Companies · 13 hrs ago

VakıfBank launches 12-product financing package for business transformation

VakıfBank launches 12-product financing package for business transformation

VakıfBank has launched a 12-product financing package for businesses in Turkey, with small and medium-sized firms a key target.

The package is designed to help companies use energy and resources more efficiently, digitise production and prepare for changes in export markets.

It offers investment, project and working-capital loans, depending on the business’s needs.

The bank aims to provide 50 billion lira through the package, which was introduced ahead of COP31.

A state-backed guarantee may help SMEs secure financing by supporting their collateral needs through Turkey’s Credit Guarantee Fund.

The move follows a separate zero-waste and circular-economy financing package launched by VakıfBank and the Zero Waste Foundation in September.

The new package connects business investment with greener production, while the bank’s funding target sets out its planned scale.

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What people are saying

Osman ArslanVakıfBank general manager
We aim to provide 50 billion TL in financing to our country’s economy through the Geleceğe Değer Package.
via Habertürk
Samed AğırbaşZero Waste Foundation president
This new financing package, introduced and to be signed today, is a strong answer from Turkey to this question.
via Habertürk
Erdoğan ÖzegenCredit Guarantee Fund board chair
Businesses producing with less energy and using their resources more efficiently will both reduce their costs and increase our competitiveness.
via Habertürk