Agence Française de Développement (AFD) provided EUR 200 million loan to Türkiye Vakıflar Bankası (Vakıfbank) to fund energy efficient buildings. This is the largest “Green Mortgage Project” in Turkey’s banking sector.

Paksoy is pleased to announce that a team led by Sera Somay (partner) together with Beril Paksoy (associate) and Ege Serra Onal (associate) acted as Turkish counsel to AFD on this transaction.

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This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


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