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EBRD Launches New Digital Transformation Facility With TEB Loan

By Dilara Sarı The European Bank for Reconstruction and Development (EBRD) is providing a €25 million(US$26.9million) loan to Türk Ekonomi Bankası (TEB) in Türkiye as the inaugural transaction under the Bank’s new Digital Transformation Financing Facility (DTFF) aimed at bolstering the digital transformation investments of small and medium-sized enterprises (SMEs). The proceeds of the loan will finance the digital transformation investments of Turkish manufacturing SMEs. The DTFF programme is being implemented in close cooperation with the Small and Medium Enterprises Development Organization of Türkiye (KOSGEB). SMEs joining the DTFF will...
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