Newsletters
Türkiye-based Vakif Leasing has signed a $75 million financing agreement structured in collaboration with Bank ABC Bahrain and Bank ABC Islamic Bahrain, the company announced.
The new deal follows a €50 million ($58.63 million) transaction completed earlier this year, the company noted.
The financing package is structured in two tranches, denominated in euros and U.S. dollars. It features a hybrid model that combines conventional lending methods with murabaha—a cost-plus-profit Islamic financing structure.
By integrating both traditional and Islamic finance approaches, the agreement offers a diversified and adaptable funding solution that reflects evolving market demands.
According to Vakif Leasing, the latest deal underscores its commitment to expanding access to international capital markets. The company aims to support Türkiye’s real sector with innovative financing solutions while aligning with the country's broader economic sustainability goals.
Vakif Leasing General Manager Metin Ozetci noted that the new agreement enhances the company's ability to provide more competitive and flexible offerings to its clients. He emphasized the importance of building trust-based, sustainable relationships in global finance, not only for corporate growth but also for advancing national economic objectives.
“This new credit agreement is a key part of our strategy to diversify funding sources and improve our capacity to serve clients with flexible solutions,” Ozetci said. “We are pleased to elevate our long-standing partnership with Bank ABC through this initiative.”
Vakif Leasing is a wholly owned subsidiary of Türkiye’s state-run Vakıfbank, one of the country’s largest publicly controlled lenders.
3 min read
