IFC Invests in DenizBank's Green Bond, Supporting Productivity and Resilience in Türkiye

• Funds to support renewable energy, energy efficiency, and carbon reduction initiatives of Turkish businesses, enhancing productivity and resilience.
• Investment aims to deepen and diversify the country’s sustainable finance sector through long-term funding.

Istanbul, Türkiye, September 19, 2025—To accelerate funding for sustainability projects, support Türkiye’s transition to a net zero economy, and help spur job creation across sectors, IFC announced a $100 million investment in DenizBank Anonim Şirketi's (DenizBank) green bond issuance.

The five-year green bond, totaling $270 million, will enable DenizBank—a longstanding IFC partner—to expand financing for green projects, including renewable energy, energy efficiency, circular economy initiatives, waste management, and other carbon reduction efforts. The funding will help businesses improve climate resilience, enhance operational efficiency, and adopt climate mitigation and adaptation measures. By scaling up its sustainable finance activities, DenizBank will also diversify its sectoral exposure and reduce its reliance on traditional or carbon-intensive sectors.

"Extreme weather events, food security threats, water scarcity, and biodiversity loss pose significant environmental, economic, and social risks," said Bora Böcügöz, DenizBank’s Executive Vice President for Treasury, Financial Institutions and Investment Group. “Through this green bond issuance, we are channeling resources into the investments Türkiye’s needs to transition to a low-carbon economy, providing long-term financing support to projects that mitigate climate change risks.”

"Our investment in DenizBank's green bond marks a significant milestone in advancing sustainable finance in Türkiye," said Wiebke Schloemer, IFC Director, Türkiye and Central Asia. "This initiative not only strengthens climate resilience but also drives economic growth by creating new jobs. IFC remains committed to supporting the country's transition to a low-carbon economy, ensuring that environmental sustainability and employment opportunities go hand in hand."

As Türkiye continues to pursue its climate targets, including achieving net zero emissions by 2053, investments like this support the transition to a greener and more resilient economy. Achieving these goals will require substantial investment, estimated at $165 billion between 2022 and 2040, to boost economy-wide resilience and reduce harmful emissions.

The investment aligns with the World Bank Group (WBG) Country Partnership Framework for Türkiye, which prioritizes greening the Turkish economy while enhancing inclusive services and sustainability. It also aligns with the WBG’s Country Climate and Development Report for Türkiye. As of September 2025, Türkiye represents IFC's third-largest country exposure globally, with a committed portfolio of around $5.8 billion.

About DenizBank

Founded in 1997, DenizBank has been operating under the umbrella of Emirates NBD, the leading banking group in the MENAT region, since July 2019. DenizBank operates across 585 branches in Türkiye and Bahrain, while its Vienna-based subsidiary DenizAG has a total of 14 branches. With a focus on creating value for its country, shareholders, employees, and customers, DenizBank carries out its activities through a wide range of domestic subsidiaries, including DenizYatırım, Deniz Real Estate Investment Trust, Deniz Asset Management, DenizLeasing, DenizFactoring, DenizÖde, Intertech, Neohub, Neohub Cloud, DenizKültür, Ekspres, Açık Deniz Radyo-TV, and Bantaş.