# EBRD Puts €100 Million Into Garanti BBVA Notes to Fund Women- and Youth-Led SMEs > The EBRD is investing €100 million in senior notes under Garanti BBVA's diversified payment rights programme. - Published: 2026-11-02T22:56:34+00:00 - Section: Funding - Author: News Desk - URL: https://newsforagent.com/news/2026-11-02/ebrd-garanti-bbva-sme-funding - Source: [Request Blocked](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-and-garanti-bbva-support-women--and-youth-led-firms.html) ## Key takeaways - The EBRD is investing €100 million in senior rated notes issued under Garanti BBVA's existing diversified payment rights programme. - Half of the investment, €50 million, goes to the TurWiB II programme for women-owned or -led SMEs, and €50 million goes to the TurYiB programme for businesses run by people under 35. - The financing is accompanied by first-loss risk cover from the Türkiye Credit Guarantee Fund, underwritten by the Turkish Treasury. The European Bank for Reconstruction and Development is investing €100 million in senior rated notes issued under Garanti BBVA's existing diversified payment rights programme, with half the amount earmarked for women-led SMEs in Türkiye. The [EBRD](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-and-garanti-bbva-support-women--and-youth-led-firms.html) announced the investment on November 2, 2026. ## How the Garanti BBVA Notes Are Split The financing gives [Garanti BBVA](https://akta.pro/company-profiles/0006axh/garanti-bbva) long-term funding to widen access to finance for women- and youth-led businesses in Türkiye. The notes are backed by current and future foreign-currency payment orders generated through the bank's payment business, which the [EBRD](https://akta.pro/company-profiles/0007s66/ebrd-turkiye) said supports longer-term funding and helps diversify Garanti BBVA's wholesale funding base. Of the total, €50 million will be provided under the Türkiye Women in Business II (TurWiB II) programme for on-lending to women-owned or -led small and medium-sized enterprises. Under TurWiB II, Garanti BBVA will seek to broaden access for women entrepreneurs, including businesses outside Ankara, Istanbul and Izmir and first-time borrowers. The programme will also offer advisory support, training, mentoring, networking and knowledge products, with a potential focus on growth-stage and technology-oriented companies. The remaining €50 million will be provided under the Türkiye Youth in Business (TurYiB) programme, supporting micro, small and medium-sized enterprises that are managed or majority-owned by people under the age of 35. The EBRD financing will be accompanied by first-loss risk cover provided by the Türkiye Credit Guarantee Fund and underwritten by the Turkish Treasury. Francis Malige, the EBRD's Managing Director for Financial Institutions, said: "Women and young entrepreneurs are central to Türkiye's long-term competitiveness, yet many continue to face barriers in accessing finance and know-how. By combining long-term funding with targeted advisory support and credit enhancement, this investment will help Garanti BBVA to reach more businesses, including first-time borrowers and entrepreneurs in Türkiye." Mahmut Akten, the CEO of Garanti BBVA, said: "We are pleased to strengthen our longstanding partnership with the EBRD through this financing. Diversifying our funding sources enables us to support businesses with long-term financing, while the dedicated funding for women and young entrepreneurs will help broaden access to finance and foster more inclusive growth in Türkiye." Garanti BBVA is one of the EBRD's longest-standing partner banks in Türkiye. This is the bank's first transaction under TurWiB II, building on its participation in the first phase of the EBRD's Women in Business programme, and its first transaction under the TurYiB programme. ## EBRD's Record in Türkiye According to akta.pro [company records](https://akta.pro/company-data), the EBRD has invested €220 billion and completed more than 7,800 projects since 1991 across more than 40 economies. The bank has committed more than €26 billion in Türkiye since 2009, largely in the private sector. ## Earlier EBRD Lending in Türkiye On October 28, 2026, the EBRD provided a $207 million loan to Enerjisa Enerji to modernize and expand its distribution networks in the Baskent, Ayedas and Toroslar regions, according to the EBRD. The same day, the bank provided €22.5 million to Sanmar Denizcilik, a Turkish tugboat manufacturer, as part of a €45 million package with Akbank to fund working capital for electric tugboats and a 5 MW solar plant. The EBRD also provided €50 million to Türk Ekonomi Bankası A.Ş. to support women-led micro, small and medium-sized enterprises in Türkiye. ## Garanti BBVA's First TurWiB II Transaction The EBRD said the transaction is Garanti BBVA's first under TurWiB II and its first under TurYiB, following its participation in the first phase of the Women in Business programme. ## Companies in this story - [EBRD (Türkiye) company profile](https://akta.pro/company-profiles/0007s66/ebrd-turkiye) · website: https://www.ebrd.com/home/what-we-do/where-we-invest/turkiye.html - [Garanti BBVA company profile](https://akta.pro/company-profiles/0006axh/garanti-bbva) · website: https://www.garantibbva.com.tr --- News for Agent · https://newsforagent.com/llms.txt