Banks| Dodgy Deals| Map| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2021-01-25 00:00:00
Why should banks support EU mandatory human rights and environmental due diligence?
2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-12-14 00:00:00
The battle to stop Line 3 is heating up on the ground and across the US
2020-12-14 00:00:00
Corporate accountability and the just transition: Frameworks for holding corporations accountable for climate change
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
2020-03-18 00:00:00
Banking on Climate Change - Fossil Fuel Finance Report 2020
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › News
Nationwide Protests against Investment in Turkey’s Ilisu Dam
Kurdish groups and NGOs demonstrate outside branches of Sparkasse and Dekabank
Start
Dodgy Deals

2007-11-30
Germany

Contact:

Ercan Ayboga,
Initiative to Keep Hasankeyf Alive,
Mob: +49 – (0)163-7577847

Heike Drillisch,
World Economy, Ecology und Development (WEED),
Mob: +49 – (0)177–345 26 11


Share this page:

Kurdish groups and NGOs organized demonstrations outside local branches of the German Sparkasse (Savings Bank) and Deka Bank in eleven German towns today. The protests are targeting the two banks financial support of the controversial Ilisu dam in south-eastern Turkey that will submerge the ancient city of Hasankeyf. Deka Bank alone is underwriting construction of the hydropower project with more than 100 Million Euros.

“With the financial contribution from DekaBank, more than 55,000 people will be deprived of their livelihoods,” says Ercan Ayboga, member of the Initiative to Save Hasankeyf. “The whole ecosystem of the Tigris will suffer an ecological disaster and our 12,000 year old cultural heritage will be destroyed.”

Demonstrations take place in Berlin, Hamburg, Bremen, Hanover, Düsseldorf, Cologne, Aachen, Bonn, Frankfurt, Stuttgart and Munich. Activists demonstrate in front of Sparkasse branches and alert customers how Deka Bank is irresponsibly investing their money in Turkey.

“Customers of the Sparkasse ought to know that their money finances the destruction of cultural goods and the forced displacement of people in Turkey,” says Heike Drillisch of the development organisation WEED. “We don’t think the customers will appreciate that.”

The Ilisu dam project is highly controversial. Several German and Swiss banks have already refused to participate in the project. And, while export credit agencies of Austria, Germany and Switzerland granted the project financial guarantees; they also tied 150 conditions to those guarantees to mitigate ecological and social problems. Non-governmental organisations reject financing Ilisu as such, charging the financial support is a blatant violation of international standards. Worse yet, the conditions set by the export credit agencies were completely ignored during expropriation of the first villages.

Deka Bank advertises its cultural sponsorship with the slogan “Create Opportunities,” but Johan Frijns of BankTrack says, “In Hasankeyf and its surroundings Deka Bank is taking away opportunities for people to save their culture and to live their lives.” Illegal expropriations have already started.

Further information:www.stopilisu.com, ww.weed-online.org/ilisu

******************

Weltwirtschaft, Ökologie & Entwicklung (WEED) / Hamburger Aktionskreis Stopp Ilisu-Staudamm - Rettet Hasankeyf  / International Rivers  / urgewald  /   BankTrack / Wasserforum Stuttgart  / Flüchtlingsrat Düsseldorf  / Verband der Studierenden aus Kurdistan (yxk)  / IPPNW  / medico international  / Mesop  / Zanin Hannover  / Mesopotamischer Kulturverein Stuttgart  / Stuttgarter Wasserforum

Related Dodgy Deals

Projects

There are no projects active for this item now.
on record

Ilisu dam Turkey

Hydroelectric Power Generation
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted