IsBank - Comprehensive Financing Facility

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 44962

Status Cancelled

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Project ID 44962

Status Cancelled

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

01 May 2013

Disclosure date

05 Apr 2013

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Turkish

Project Description

The EBRD is considering a EUR 150 million financing facility for Türkiye İş Bankası (“Isbank”), an EBRD partner bank since 2010. The financing facility will be provided to Isbank in three tranches to be on-lent to SMEs operating in priority sectors such as agriculture, energy efficiency and renewable energy as well as women in business initiatives (“WIB”).

Transition Impact

The facility’s agricultural lending tranche will underpin the growth of Isbank’s lending activities and increase access to finance and job creation in the agricultural sector and in the least economically developed areas of Turkey.

The facility’s energy efficiency tranche will further demonstrate to SMEs the effects of rational energy utilisation for improving industrial competitiveness in light of rising energy costs in Turkey.

Finally, the WIB tranche will support women’s entrepreneurship and economic empowerment in the country.

The Client

Isbank, established in 1924, is the largest bank in Turkey by total assets with a market share of 13.5%, 14.2% by total loans and 12.6% by shareholders’ equity as of end-2012 The bank operates nationwide through a network of 1,231 domestic branches. Isbank has long been focused on supporting SMEs and was the first Turkish bank to launch a “Small Business Loans” program.

EBRD Finance

Financing facility of up to EUR 150 million available in three tranches.

Project Cost

EUR 150 million.

Environmental Impact

Categorised FI. Isbank will be required to comply with the Bank’s Performance Requirements 2 and 9 and the EBRD's Environmental and Social Procedures for Small and Micro Loans. The bank will also be required to submit annual environmental and social reports to the EBRD.

Technical Cooperation

Isbank will benefit from technical assistance provided under the Turkey MSME Lending Technical Co-operation Programme (TMSMELP) funded by the EU Turkey Private Sector Support Facility (TurPSSF) and from technical assistance funded by the EU/EBRD SME Finance Facility for EE.

Company Contact

Nilgün Osman
Türkiye Is Bankasi A.Ş.
International Banking Division
Structured Finance Unit
Is Kuleleri Kule:1 Kat:25 34330 4.Levent - Istanbul

Phone: +90 212 316 28 10
Fax: +90 212 316 08 32
E-mail: nilgun.osman@isbank.com.tr

Transition impact

ETI Score:60

PSD last updated

21 Jan 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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