by Anaya Jhaveri -

MICROCAPITAL BRIEF: Akbank Selling $300m in Bonds to DFC, AIIB, IFC – Half to Support Women-owned Businesses in Turkiye

Turkiye’s Akbank recently raised USD 300 million through the issuance of subordinated bonds to three development finance institutions. Half of the fresh cash is from the US International Development Finance Corporation (DFC) for on-lending for business and consumer purposes to women in “underdeveloped cities” in the country. The remainder is

by Sai Bommineni -

MICROCAPITAL BRIEF: FMO Loans $25m to Aklease to Support Renewable Energy in Turkey

The Netherlands Development Finance Company, a public-private partnership also known by its Dutch acronym FMO, recently loaned USD 25 million to Aklease, a leasing subsidiary of Turkish bank Akbank, to be used for solar energy projects. Through this loan, Aklease aims to increase the “green” portion