Ziraat Bank Renews $1.75 Billion Syndicated Loan

Ziraat Bank has secured a syndicated loan equivalent to $1.75 billion with the participation of 60 banks from 24 countries, in line with its strategy to diversify non-deposit resources. The loan consists of two tranches: $849 million and €767 million, achieving a 100% successful renewal of last year's record syndicated loan. The sustainability-linked loan's performance criteria were set to increase financing activities supporting the green asset ratio and sustainable agriculture. This resource will serve as a driving force for foreign trade financing while reinforcing commitment to responsible banking principles. Ziraat Bank General Manager Alpaslan Çakar stated that despite geopolitical tensions and high volatility in global markets, the loan was successfully secured thanks to the bank's strong balance sheet structure and extensive correspondent network. Çakar noted that this resource confirms confidence in the resilience of the Turkish economy and that costs have been reduced to a more competitive level compared to last year. Çakar added that the loan was structured with a sustainability theme, aiming to contribute to the agricultural production ecosystem while supporting the country's sustainable development goals. The participation of new international banks was seen as an indicator of the correctness of strategies and market reputation. This is not investment advice.