Aklease’s EUR 40,000,000 Senior Loan Facility From EBRD
The European Bank for Reconstruction and Development (EBRD) is supporting Turkish businesses during the coronavirus crisis with a new €40 million loan to Aklease, a leasing subsidiary of the top-tier Turkish lender, Akbank.
The new funds will enable Aklease to increase the availability of funding to Turkish businesses for their crucial capital investments to mitigate the medium- to long-term negative impacts of the COVID-19 pandemic. The EBRD financing will also strengthen the resilience of the financial sector and support Aklease as a successful firm in a challenging environment.
The financing is part of the EBRD Solidarity Package to help companies in 38 emerging markets to deal with the economic effects of
the pandemic. The Bank stands ready to provide support worth €21 billion over the period 2020-21.