60 billion euros in financing from Garanti
Original headlineGaranti’den 60 milyar euroluk finansman
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BBVA Chairman Carlos Torres Vila said at a COP31 panel in Antalya that the bank will provide roughly €60 billion in financing tied to electrification-related sustainable business between January 2025 and September 2026. The commitment places electrification at the center of BBVA's sustainability strategy and signals continued large-scale lending to energy transition projects. The figure covers the bank's sustainable business volume linked to electrification over the 21-month window. Investors will watch how much of the target is deployed through BBVA's Turkish unit Garanti and whether the pace of disbursement supports the group's broader green-financing goals.
Muhabbit's AI wrote this summary in its own words from Sabah Ekonomi's report and translated it from Turkish. It can get details wrong, so check the source.
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BBVA, Garanti, Carlos Torres Vila, COP31, Antalya