Akbank launched its 'Green Trade Finance Campaign ', a first in Turkey for trade finance customers who want to prioritise a sustainable future. Akbank continues to protect the environment as well as supporting its trade finance customers with a campaign that offers many benefits, from highly competitive trade finance tariffs, favourable correspondent bank charges and attractive letters of credit pricings to leasing.
Akbank added a new product to its sustainability offering. A first in Turkey, Akbank has created the ‘Green Trade Finance Campaign’, which will offer various advantages to companies operating with a focus on sustainability.
Within the scope of the campaign, Akbank offers advantageous correspondent bank charges and commissionson letters of credit issuances,for the imports of its customers with clear environmental sustainability and protection policies. Additionally, pricing and maturity incentives will be provided in correspondent bank commissions for the confirmed import letters of credits after the review of International Financial Institutions and correspondent banks.
With the Green Trade Finance Campaign, Akbank’s customers can enjoy 40 trade finance transactions, 40 incoming international fund transfers and 40 outgoing international fund transfers “fast and secure” and with competitive fees, with no extras. In addition, the bank brings its customers together with the long maturity and affordable financing offerings of Aklease's sustainable ECOLease product forthe purchase of capital goods with links to renewable energy, energy efficiency and resource efficiency.
In his statement on the Green Trade FinanceCampaign, Akbank’s Executive Vice President of Commercial Banking, Mehmet Tugal, said: “We continue to support our country's transition to a low-carbon economy. We are proud of being the first deposit bank in Turkey to announce long-term sustainable finance commitments. We will further our efforts to provide 200 billion TL in sustainable loans to our country by 2030. We also aim to reduce the impact of our loan portfolio on climate change by 2030. With this campaign, we are proud of breaking a new ground in trade finance and we take another important step towards achieving our goals.. We will not only offer advantages to companies already engaged in sustainability activities, but will also support companies that are new to these activities and want to prioritise environmental conservation and sustainability issues.”