QNB Türkiye's sustainable finance move at COP31

QNB Türkiye signed financing agreements with five international development finance institutions—the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, the Dutch development bank FMO and the International Finance Corporation—at the COP31 climate conference. The deals are aimed at funding sustainable development and the country's green transition, extending the bank's existing cooperation with multilateral lenders. The agreements matter because they give QNB Türkiye access to long-term, likely concessional funding from global DFIs at a time when Turkish banks are increasingly tapping such sources to finance climate-related projects. The bank did not disclose the size or terms of the facilities in the announcement. Next, watch for details on facility amounts, tenor and eligibility criteria for green projects, and whether other Turkish lenders announce similar DFI partnerships around COP31.