Green Transformation Loan Program
QNB 's Green Transformation Loan Program was launched in November 2023 to reduce the environmental impact of the climate crisis by providing financing for investments aimed at reducing carbon footprint as part of global and local sustainability policies, identifying the needs of companies by raising their sustainability awareness in the pre-financing period, and promoting sustainability by measuring the environmental performance of companies in the post-financing period and rewarding their green transformation capability.
With the Green Transformation Loan Program, customers can gain opportunities to expand into foreign markets and maintain their position in the existing market, have and maintain the opportunity to work with global brands, prepare for the net zero target, and gain cost advantages.
With the Green Transformation Loan Package offered under the program, customers are offered access to consultancy services as well as the financing opportunities they need in the green transformation process triggered by the European Green Deal and the Carbon Border Adjustment Mechanism. The projects to be evaluated within the scope of the loan were studied and listed on a sector basis with consultancy firms. If the customer's investment is among these projects, the investment will be evaluated within the scope of the green transformation loan.
At the end of the first year of the loan payments, after the customer reports the carbon footprint reduction, the loan interest will be discounted according to the reduction rate. At the end of the second year of loan payments, an additional interest rate reduction will be applied if carbon footprint reduction is reported in line with the criteria. The Bank collaborated with TOBB and Captonomy to provide support and awareness to customers on measuring their carbon footprint.
Within the framework of the program, sector-based green transformation trainings were provided to the Bank's field personnel, and a system was designed to enable field personnel to inform customers more accurately and to identify their needs together. The program aims to support customers' compliance with green transformation and regulations. For more detailed information, please click here.
