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Matteo Patrone
Vice President, Banking (Executive Committee), European Bank for Reconstruction and Development (EBRD)

EBRD'den Türkiye'ye 2,6 Milyar Dolar Yatırım | Matteo Patrone & Berfu Güven | CNBC-e

🎥 Jan 22, 2025 📺 CNBC-e ⏱ 7m 👁 348 views
EBRD'den Türkiye'ye 2,6 Milyar Dolar Yatırım | Matteo Patrone & Berfu Güven | CNBC-e #cnbce #ekonomi #ebrd 🔔 En güncel finans haberleri için CNBC-e'ye abone ol ►    / @cnbce   CNBC-e Resmi Web Sitesi: ► https://cnbce.com Resmi Sosyal Medya Hesapları: ►   / cnbce   ► https://x.com/cnbceofficial ►   / cnbce   ►   / cnbce   ►   / cnbce   #cnbce #canlı #canlıyayın
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Transcript (18 segments)
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Interviewer0:00
Our broadcasts from the 55th Davos summit continue. In this episode, we are with Matteo Patrone, Vice President of Banking at EBRD. Mr. Patrone, thank you for joining. I also thank you. How many times have you come to Davos?
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Matteo Patrone0:15
This is my second time, and I think it's a very interesting place.
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Interviewer0:20
Today, especially this year's meeting, the events in the US have greatly affected, the new administration, also the news from the Middle East and the ceasefire. Do you expect in the short term? And what about the investment amount in Turkey? How much did you invest in 2024, and how will it be in 2025 compared to previous years?
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Matteo Patrone0:52
For 5 years in a row, Turkey has been our largest operation country, our largest market. We invested 2.6 billion euros in 51 operations. The previous year it was 2.4 billion, and before that 1.6 billion euros. So it's on the rise, and we hope it will continue to rise in the real sector, in the real economy, and we will continue to do so. In the future, out of 6 billion euros, 60% focuses on green transformation, i.e., reducing climate impacts, and 60% on inclusiveness, especially encouraging and attracting women's participation in the economy, and 100% of projects are in the private sector.
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Interviewer1:46
What are the biggest projects? Can you give some examples?
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Matteo Patrone1:48
Of course. First of all, one of the areas we focus on is crisis response as a result of the earthquake in Turkey in 2023. So a number of projects focused on that. We allocated 1.5 billion euros to these, and almost all of it has been used. For example, water sector projects in Gaziantep, or supporting small companies in supply chain financing for retailers, or supporting Enerjisa for electricity distribution in affected areas. Our biggest project naturally was the Northern Marmara Highway project, a public-private partnership, over 200 million euros, and similarly a 200 million euro loan was given to A101 to support their green transformation and green goals.
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Interviewer3:00
You can also say for 20?
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Matteo Patrone3:02
Yes, we have a new strategy for Turkey based on green transformation, increasing competitiveness, improving human capital, and integration with sustainable infrastructure. We will focus on these areas.
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Interviewer3:24
To be in 2025, in the economy's hard-to-transform sectors, for example steel, aluminum, cement, fertilizer. This is in partnership with the World Bank. 2025, an important part will be towards the implementation of this platform. There is a target of approximately 5 billion euros or dollars for the next 5-6 years until 2030. Such a long-term target you have set. Yes, how many projects do you plan to finance?
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Matteo Patrone4:00
In 2025, as you know, we are a demand-based bank, depending on market opportunities, but at the same level as last year. Which sectors? Again, as I said, industry and a very serious focus on green transformation and climate impact reduction and sustainable infrastructure, or whatever benefits the private sector's competitiveness.
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Interviewer4:28
Do you think public-private partnership projects will continue to be popular? Because I heard here in Davos that business people always talk about public-private partnership.
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Matteo Patrone4:41
For us, it is very important, especially building sustainable infrastructure. As a bank, we focus on supporting the private sector in infrastructure. So, any public-private partnership structure or Build-Operate-Transfer will continue to be important for us.
I
Interviewer5:03
You have long-term projects for countries like Turkey. The world is changing, Trump came, trade wars, geopolitical risks. How are you preparing for all these risks?
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Matteo Patrone5:15
We have a strategy and we focus on three areas. In 2025, green transformation not only for Turkey but for all our operation countries. Another is human capital, and third is governance. We will continue to implement our strategy. Last year, we invested 16.5 billion euros, a record, in 530 transactions. That's a 25% increase from the previous year, and we plan to continue. We will continue to focus on these specific areas.
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Interviewer6:02
How will renewable growth be in 2025 for us?
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Matteo Patrone6:04
Yes, for us, it will depend on how projects are brought to us. But these are very important projects, not only for green transformation but also for energy security in certain countries. Yesterday I attended a panel on Ukraine, and as you know, much of the energy infrastructure has been destroyed and damaged. So in the future, distributed generation, especially wind and solar, will be needed.
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Interviewer6:49
Finally, an important topic: artificial intelligence. How do you use AI internally?
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Matteo Patrone6:58
Digitalization is one of the important factors in our activities. We already do this in certain internal processes, and more can be done. Of course, our business model is very situation-specific, the human factor, our relationships with clients are very important, and the impact beyond financing will continue to be very important.