Istanbul [Turkey], February 1: Türkiye once again became the European Bank for Reconstruction and Development's (EBRD) largest country of operation in 2025 by annual investment volume, with funding hitting a record 2.7 billion euros ($3.2 billion), the lender said on Thursday.
The amount, up from 2.6 billion euros in 2024, covered 54 projects, with 91% of investments directed to the private sector, the London-based bank said.
Cumulative EBRD investment in Türkiye has now exceeded 23.35 billion euros since the bank began operations in the country in 2009.
The EBRD, which covers economic trends across emerging Europe, Central Asia, the Middle East and Africa, expects to surpass last year's record again in 2026, according to Elisabetta Falcetti, the bank's managing director for Türkiye and the Caucasus.
Falcetti said strong private-sector appetite for investment, rising competitiveness among Turkish firms, support for the green transition and progress in human capital development all contributed to last year's performance.
"In 2025, our work in Türkiye reflected both the scale of the country's investment needs and its long-term potential," she said.
"From landmark private-sector transactions to targeted support for decarbonization, digitalization and human capital, the EBRD continues to mobilize international financing where it matters most." She added that Türkiye remains a strategic priority for the bank.
The EBRD's largest single deal in the country last year was a 315-million-euro syndicated loan to Fraport TAV Antalya, arranged to refinance a short-term bridge loan and involving a broad group of international lenders.
Reconstruction following the devastating earthquakes that struck southeastern Türkiye in early 2023 remained a major focus, the EBRD said.
In 2025 alone, this included 195 million euros for two major infrastructure projects in the quake-hit provinces of Adıyaman and Hatay: 95 million euros for wastewater and stormwater networks in Adıyaman and 100 million euros for the Arsuz sewage network and the Üçgüllük wastewater treatment plant in Hatay.
Source: Qatar Tribune