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DenizBank and ENBD signed a USD 400 million loan agreement with OYAK Group

DenizBank, under the leadership of its shareholder Emirates NBD (ENBD), signed a joint loan (club loan) agreement totaling USD400 million with OYAK Group, with a 1 year grace period and a 6-year maturity. OYAK will use the financing for its strategic investments in line with its sustainable growth objectives.

DenizBank and ENBD signed a USD 400 million loan agreement with OYAK Group

Speaking at the signing ceremony, DenizBank CEO Recep Baştuğ emphasized that OYAK is one of Türkiye’s most established and robust financial structures, and made the following remarks:

“As DenizBank, we are pleased to support the activities carried out by the OYAK Group both in Türkiye and abroad. Both our bank and our shareholder ENBD have full confidence in Türkiye’s potential. This loan transaction is not only a strong indication of the confidence placed in OYAK, but also demonstrates DenizBank’s leadership in corporate finance and its international reach. With this loan, we are taking our long-term commitment to our country one step further.”

OYAK General Manager Murat Yalçıntaş also stated that the agreement is an important part of the group’s investment strategy focused on growth and efficiency, and said:

“For many years, we have been operating in strategic sectors to contribute to Türkiye’s development. Thanks to this loan facility, we will further strengthen our financial structure and focus on investments that will enhance efficiency across our various operations and support our global competitiveness. The confidence that DenizBank and its shareholder ENBD place in OYAK and in our country helps us pursue our long-term goals with even greater determination. We will continue to contribute to the Turkish economy and to increase production and employment.”

 

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