Awards for Excellence 2020
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In September 2019 Garanti BBVA signed the world’s first gender loan, a newly designed structure that the bank hopes will encourage its customers to improve their gender equality performance.
With the $44 million loan, the bank is financing Polat Energy’s construction of the wind farm Soma 4 – the largest wind farm in Turkey. Interest rates on the loan will become more favourable as Polat Energy meets criteria such as postnatal return-to-work programmes, equality in new recruitment, prioritizing enterprises with female-dominated partnerships in the supply chain, equal pay, policies to prevent harassment and training to address discrimination against women.
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