EBRD partners with Turkey’s credit guarantee fund to unlock €300m for women-led firms

The European Bank for Reconstruction and Development and Turkey's Kredi Garanti Fonu (KGF) - a credit guarantee institution - are joining forces to expand financing for small and medium-sized enterprises led by women. Under the programme, the EBRD provided €300 million to five Turkish lenders: Garantibank, QNB Finansbank, TEB, Isbank and Vakıfbank. KGF will provide risk mitigation to the EBRD's partner banks through the absorption of a portion of potential losses on their loans made under the programme.