Sustainable Finance Products
Corporate/Retail Loans and Products
Building Insulation Loan: The Building Insulation Loan was introduced to support efficient energy use in buildings and enhance insulation investments. Customers can obtain an insulation loan quickly and easily within 5 minutes through a consumer loan.
Corporate Rooftop Solar Power Loan: With the Solar Energy Loan, customers can finance unlicensed electricity generation projects. Corporate firms producing their own electricity can reduce costs while supporting the use of environmentally friendly resources.
Retail Rooftop Solar Power Investment Loan: The Retail Rooftop Solar Power System (SPP) Consumer Loan, a first in Türkiye, was introduced for customers wishing to utilize solar energy in their buildings.
Green Housing Loan: The Green Housing Loan was introduced in 2017 to encourage environmentally friendly buildings that are certified at the national or international level or have an energy identity document proving energy efficiency levels.
Urban Transformation Loan: The Urban Transformation Loan is designed for property owners and tenants living in high-risk areas under the relevant law. To qualify for the loan, a property must be classified as a "Risky Area" or "Risky Structure", as verified by technical documents. Within the scope of creating and supporting sustainable cities, the Urban Transformation Loan can be considered a sustainable finance product, in line with the eligibility criteria.
Environmentally-Friendly Auto Loan: The Eco-Friendly Auto Loan was introduced in May 2017 to support the financing of hybrid and electric automobiles, known for their fuel efficiency and environmental benefits
Electric Bicycle Shopping Loan: To support the green transportation theme, the Electric Bicycle Special Shopping Loan allows customers to quickly access financing.
Electric Charging Station Loan: Customers looking to install an electric vehicle (EV) charging station can easily obtain a consumer loan. This financing solution plays a crucial role in establishing the necessary infrastructure for electric vehicles.
Green Leasing: Leasing transactions linked to sustainability (solar panels, energy efficient equipment, etc.) are offered within the scope of the loan.
Agricultural Loans (Organic Farming, Irrigation Loans, Direct Seeding, Digital Agriculture, Agricultural Solar Power Loans): Sustainable agriculture, organic farming, more efficient water consumption, direct seeding, energy efficiency in agriculture (e.g. Agriculture SPP) projects are supported within the scope of sustainable agriculture loans.
Sustainability-Themed Loan Package: Garanti BBVA developed the Sustainability-Themed Loan Package to facilitate the efforts of customers seeking to reduce greenhouse gas emissions. Customers can benefit from the Bank’s experience and communication network. As part of this package, Garanti BBVA also collaborates with the Turkish Standards Institute to provide customers with capacity-building support. Customers will also receive guidance on greenhouse gas management while working to reduce carbon emissions.
Women Entrepreneur Loans: : Since 2006, Garanti BBVA has continuously supported women’s participation in employment and the economy, with the understanding that an inclusive economy where all individuals benefit from opportunities equally will grow faster and more efficiently. The Bank’s efforts in women’s empowerment are categorized into four main areas: financing, encouragement, training, and access to new markets.
Investment Funds/Products and Pension Funds
Sustainable Investment Funds: Under Garanti BBVA Asset Management, there are five investment funds under the theme of sustainability. These include: Garanti Portfolio Clean Energy Variable Fund (GZH), Garanti Portfolio ESG Sustainability Fund Basket (GZV), Garanti Portfolio Climate Index Fund (GIE), and Garanti Portfolio Sustainability Equity Fund (GZR), October 2028 Sustainability USD Hedge (FX) Fund (EGP).
Sustainable Pension Fund: Garanti BBVA Pension customers can invest in shares of companies listed in the BIST Sustainability Index, which includes companies sensitive to global warming, natural resources, health, security, and employment.
Green IPO: In 2021, Türkiye’s first Green IPO was carried out under Garanti BBVA’s leadership. As part of the IPO process, the Bank obtained a sustainability rating assessment from an international agency, and environmental and social commitments were incorporated into the Capital Markets Board (SPK) prospectus.
Corporate Loans and Debt Instruments
Sustainable Loans: Loans specifically designed to finance investments and operations directly related to green or social sustainability. These loans comply with international standards, including the Green Loan Principles and Social Loan Principles.
Sustainability-Linked Loans: These loans define environmental, social, and governance (ESG) criteria within the loan mechanisms. Companies with higher sustainability performance receive interest rate discounts, while those with lower performance incur interest rate increases. These loans are structured in line with Sustainability-Linked Loan Principles
Gender Equality Loan: : Launched in 2019, the Gender Equality Loan was the first of its kind globally. This loan structure supports businesses that contribute to gender equality, with predefined targets linked to gender equality initiatives. With the credit structure, targets are determined for customers based on gender equality efforts. Gender Equality Credit is a sustainabilityrelated credit product whose criteria are entirely based on gender equality issues.
Sustainable Bonds: : These are bond issuances where the proceeds are exclusively allocated to support investments and operations directly related to green or social sustainability. These issuances comply with the Capital Markets Board's Green Debt Instrument, Sustainable Debt Instrument, Green Lease Certificate, and Sustainable Lease Certificate Guidelines. They also align with the Green Bond Principles, Social Bond Principles, and Sustainability-Linked Bond Principles established by the International Capital Market Association (ICMA)
Garanti BBVA has been a global pioneer in utilizing sustainability-linked syndicated loans. In 2020, the bank achieved its sustainability performance targets under its syndicated loan commitment—such as increasing the use of renewable energy and refraining from financing new coal-fired thermal power plant projects—thereby qualifying for an interest rate discount. In 2021, the total financing volume increased, and the sustainabilitylinked syndicated loan incorporated a commitment to purchasing electricity exclusively from renewable sources. In 2022, the syndicated loan was renewed with a social linkage, including a commitment to increasing financing for women entrepreneurs and micro-businesses. For 2023, the bank updated its first syndicated loan of the year with new social criteria to support financing for women entrepreneurs and micro-enterprises in the earthquake-affected regions following the February 6 earthquakes. The 367-day syndicated loan agreement, consisting of two tranches—$199 million and €218.5 million—was signed with the participation of 26 banks from 13 countries. The second ESG-linked syndicated loan was renewed at $415 million. A second syndicated loan agreement, comprising two tranches of $259.5 million and €142.5 million, was signed with the participation of 35 banks from 19 countries. The primary sustainability performance criteria for this loan focused on supporting the bank’s decision to refrain from financing coal-fired thermal power plants and coal mining activities, as well as increasing financing for sustainable development. In 2024, the bank structured a 367-day syndicated loan—consisting of two tranches of $244 million and €162.4 million— for the first time, in alignment with its Sustainable Debt Financing Framework.
Corporate Green Auto Loan: Garanti BBVA introduced the Corporate Green Auto Loan to encourage the widespread use of environmentally friendly vehicles. This product is available to corporate firms, fleet rental companies, and vehicle financing institutions. The Corporate Green Auto Loan, a first in Türkiye, helps companies transition to more efficient hybrid and electric vehicles, while promoting fleet electrification and contributing to a more sustainable future.
Sustainable Supply Chain Finance: Garanti BBVA offers Sustainable Supply Chain Finance to companies evaluating suppliers based on sustainability criteria. This financing product aims to enhance sustainability awareness among suppliers while offering preferential financing options.
Note: Sustainable finance product names are planned to be reviewed within the scope of the Standard for Commercial Labeling and Naming of Sustainable Products adopted in 2024.