Turkish cement producer Batisoke Cimento Sanayii has secured a EUR10m loan from local lender Akbank under the European Bank for Reconstruction and Development's  (EBRD) facility to promote energy efficiency.

The 7.5 year loan will be provided by Akbank under the Euro Turkey Mid-Size Sustainable Energy Financing Facility (MidSEFF) of the EBRD, Batisoke said in a bourse filing.

The EBRD aims to support Turkish private-sector borrowers with this facility to implement mid-size renewable energy, waste-to-energy and industrial energy efficiency investments via providing loans to seven Turkish banks for on-lending to private sector borrowers.