Emirates NBD Bank

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EMIRATESNBD

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EMIRATES NBD BANK (P.J.S.C)

EBRD, Ford Otosan charge ahead with big EV lending

Published by Hurriyet on Fri, 07/16/2021 - 10:24

 

The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.

European bank backs women-led businesses in Turkey

Published by Hurriyet on Sat, 02/20/2021 - 05:00

The European Bank for Reconstruction and Development (EBRD) has provided a $100 million fund for Denizbank to support companies' investments in green technologies and women-led businesses in Turkey amid the COVID-19 pandemic.

The loan with a long-term maturity of up to seven years will help to build the resilience of the Turkish economy, the EBRD said in a statement on Feb. 19.