Francis Malige, the top executive of EBRD, mentioned that the Turkish banking sector has maintained its strong capital structure. Emphasizing that orthodox economic policies are welcomed by foreign investors, Malige noted that fluctuations in banks’ profitability do not worry him. Highlighting the long-term partnerships of EBRD with Turkish banks, Malige stated that the number of financing agreements signed with Turkish banks has increased recently.

According to Malige, investments in the Turkish banking and financial sector amount to 600 million euros as of the current period, with ongoing plans until the end of the year. Stressing the importance of continuing orthodox economic policies, Malige expressed satisfaction among foreign investors and credit rating agencies regarding Turkey’s economic policies, ensuring confidence in their consistency and permanence.

Encouraging the green and digital transformation in the Turkish economy, Malige explained the investment in small and medium-sized companies in Turkey to facilitate digitalization and green initiatives through financial institutions. He mentioned initiating a 750-million-euro green economy program in this context. Providing information on EBRD’s investments in earthquake-prone areas, Malige shared that they have activated a 600-million-euro financing plan post-earthquake to provide funding to businesses in the region through banks.