Odeabank - SME Senior Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 45404

Status Complete

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 45404

Status Complete

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

27 May 2015

Disclosure date

19 Feb 2015

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 and objectives

The EBRD is considering a EUR 50 million financing facility for Odeabank A.S. (“Odeabank”), a new EBRD partner bank. The financing facility will be provided to Odeabank in up to two tranches.

The operation will enable Odeabank to increase its lending to micro, small, and medium-sized entreprises (“MSMEs”) operating in Turkey.

Transition impact

The SME lending facility will underpin the growth of Odeabank’s lending activities and increase access to finance and job creation in the SME sector.

The main sources of the transition impact under the Facility will stem from market expansion, by providing a new partner bank in Turkey, Odeabank, with funding to scale up its SME lending activities as part of its ongoing high-growth trajectory.

The client

Odeabank is the 13th largest bank in Turkey. It was established in 2012, and started its operations in November 2012. As of end of September 2014, Odeabank had a market share of 1.2% in terms of asset, and operated a network of 48 branches located in 14 cities.

EBRD finance

Financing facility of up to EUR 50 million available in two tranches.

Total project cost

EUR 50 million.

Environmental and social categorisation, impact, and mitigation

Categorised FI. Odeabank 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

None.

Company contact

Estel Gürdoğan
Financial Institutions and Funding
Tel: +90 212 304 85 20
Fax: +90 212 304 84 45
Email: Estel.Gurdogan@odeabank.com.tr
Odeabank A.S.
Maslak Mahallesi Ahi Evran Caddesi
No. 11 Olive Plaza Kat 6-7-8-9
34398 Şişli
İstanbul

Transition impact

ETI Score:45

PSD last updated

02 Dec 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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Odeabank - SME Senior Loan

Project timeline

Translated version of this PSD: Turkish

Project description and objectives

Transition impact

The client

EBRD finance

Total project cost

Environmental and social categorisation, impact, and mitigation

Technical cooperation

Company contact

Transition impact

PSD last updated

Business opportunities

General enquiries

Public Information Policy (PIP)