JICA carried out the first green financing transaction with a private bank in Türkiye with DenizBank.
AI-generated summary
JICA carries out a green financing transaction with a private bank for the first time in Türkiye. With this transaction, DenizBank aims to increase its total green bond issuance to 570 million dollars.
The funds to be provided within the scope of JICA's first green financing transaction with a private bank in Turkey will be used in projects aimed at reducing climate-related risks and increasing adaptation capacity against the current and future impacts of these risks.
In his evaluation of the agreement, DenizBank General Manager Recep Baştuğ said: "Managing the effects on economic activities is as important as reducing carbon emissions in the fight against climate change. Extreme weather events bring with them new risks in many areas, from production processes to supply chains. Therefore, we see adaptation to climate change not only as an environmental necessity, but also as a strategic investment area that supports the continuity of production and long-term competitiveness. As an institution, within the scope of our sustainable financing approach, we prioritize projects that will increase the resilience of our customers against these risks. Including JICA." "We will continue our work with determination to contribute to the transition and sustainable development of our country to a low-carbon, climate-risk-resistant economy."
Speaking at the signing ceremony, JICA Private Sector Partnership and Finance Department General Director Takehiro Yasui said: "We are pleased to develop our cooperation with DenizBank through this green bond investment. As JICA, we aim to mobilize long-term private sector resources for investments that contribute to environmental sustainability and increasing resilience to climate change by supporting the development of green finance in Turkey."

The Fund Coordination Board, convened under the chairmanship of the Vice President, announced that 161 billion TL was paid to 444,893 investors in 119 funds in the liquidation process. Those who made unfair profits were excluded from the scope of payment.

The Fund Coordination Board, convened under the chairmanship of the Vice President, announced that 161 billion TL was paid to 444,893 investors in 119 funds in the liquidation process. Those who were found to have made unfair profits were excluded from the scope of payment.

The Directorate of Communications announced that 161 billion TL was paid to 444 thousand 893 investors in 119 funds in the liquidation process. While 333 thousand 493 investors collected all their receivables, those who made unfair profits were excluded from the scope of payment.
At the COP31 Business and Investment Summit held in Antalya, Turkish business leaders defined green transformation as a mandatory process for competitiveness. Ebru Özdemir was appointed as the private sector representative for the BRIDGE initiative.

Porsche CEO Michael Leiters criticized Tesla's Roadster flight demonstration and announced that Porsche would make the engineering-focused Mission S model a permanent flagship, positioning it above the 911.
Minister of Treasury and Finance Mehmet Şimşek announced that the current account had a surplus of 2.7 billion dollars in September and the annualized current account deficit decreased to 39.2 billion dollars. Şimşek evaluated this development as a result of macro financial stability policies.