İşbank

The European Bank for Reconstruction and Development (EBRD) has provided a fund of €40 million (over $47.9 million) to boost Turkey's resource efficiency and renewable energy projects.

In its first transaction with Turkish leasing firm Is Finansal Kiralama, the bank is providing loan to finance investments in green projects, according to a press release issued on Feb. 5. 

The chief executive of Turkish private lender İşbank said on Jan. 6 that he will step down after a general assembly meeting in March, citing a term limit.