Turwib-Teb

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 46563

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 46563

Status Complete

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

03 Sep 2014

Disclosure date

01 Aug 2014

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."

Project Description

The EBRD is considering a senior unsecured loan of up to €50 million to Turk Ekonomi Bankasi (“TEB”), a commercial bank incorporated in Turkey, to provide financing for the women-led small and medium-sized enterprises (SMEs”) to promote women entrepreneurship in Turkey.

The facility is a sub-project under TurWiB, which is an integrated and dedicated programme in Turkey targeting women-led SMEs. The ultimate goal of the facility is to promote women entrepreneurship and access to finance, and more broadly women’s participation in business, through the development of a strong women-led SME sector in Turkey by facilitating access to finance and advice for women-led SMEs.

The facility is supported by (i) technical cooperation programme to help TEB develop financial products that meet the specific needs of women-led enterprises, (ii) a risk sharing mechanism to stimulate lending to this group on a sustainable basis and will benefit from the synergies with (iii) the Women in Business Small Business Support (“SBS”) component; which constitute the grant component of the TurWiB Programme as a whole.

Transition Impact

Transition impact will stem from i) market expansion, ii) demonstration of new products and processes and iii) transfer of skills.
Market Expansion: Market expansion will be achieved by increasing the availability of financing to women-owned and women-managed SMEs in Turkey, where gender gaps in access to finance are large.

Demonstration of New Products: The Facility and the Programme in general are expected to demonstrate that financing WiB SMEs through the introduction of new products and processes tailored to cater to the needs of WiB SMEs is not only commercially viable and profitable, but also scalable and replicable.

Transfer of Skills: Transition impact will also arise through transfer of skills by providing capacity building, product development and marketing outreach support.

The Client

Established in 1927, Turk Ekonomi Bankası A.S. (“TEB”) is the seventh largest private bank in Turkey (10th including the three state-owned banks) by assets as of end of 2013. TEB is present in all areas of financial services in Turkey and has five main business lines: (i) Corporate Banking, (ii) SME Banking, (iii) Retail Banking, (iv) Private Banking and (v) ALM and Treasury. TEB is jointly controlled by BNP Paribas (“BNPP”) and Colakoglu Group since 2005 following the acquisition of 50% of shares of TEB by BNPP from Colakoglu Group.

EBRD Finance

Senior unsecured loan of up to €50 million.

Project Cost

€50 million.

Environmental Impact

Categorised FI. TEB is required to implement EBRD’s performance requirements 2 & 9 and the Bank’s environmental and social procedures for small and micro loans. TEB will submit annual environmental and social reports to the EBRD on the implementation of the environmental and social requirements. An independent project consultant will also be in place to ensure compliance with the environmental and social requirements and the eligibility criteria. The consultant will be required to undertake the Bank’s environmental and social E-learning Training Programme for TEB..

Technical Cooperation

The Facility will be supported by a comprehensive technical cooperation programme focusing on institutional capacity building, product development and marketing and outreach activities to build TEB’s capacity to reach out to women-led SMEs. The overall objective of the technical cooperation will be to support TEB in the process of better understanding the financial needs of the women-led SME segment, and enable it to develop adequate customer information systems, optimise its lending procedures, and develop and market products and services to respond to the segment needs. The technical cooperation for the programme will be jointly funded by the EU’s Instrument for Pre-Accession Assistance (IPA) and the Turkish Ministry of Labour and Social Security.

Company Contact

Murat Yazir
Turk Ekonomi Bankasi
TEB Kampus Saray Mahallesi
Sokullu Caddesi No: 7A
Umraniye-Istanbul 34768

Email : murat. yazir@teb. com.tr
Phone: +90 (216) 635 35 35
Fax : +90 (206) 636 36 36

Transition impact

ETI Score:80

PSD last updated

01 Feb 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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