FIF - Turkiye YiB - Akbank (EFSD+ P3)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

A senior unsecured loan of up to USD 50 million (EUR 43 million) for on-lending to micro, small, and medium-sized enterprises managed or majority-owned by individuals under the age of 35 ("Youth MSMEs") under Youth in Business Programme in Türkiye, a blended programme established under the Financial Intermediaries Framework ("FIF").

Project ID 56428

Status Signed

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

Company Contact Information

Akbank Dis Kaynaklar
diskaynaklar@akbank.com
+90 212 385 62 38
+90 212 281 81 88
www.akbank.com
Sabanci Center 4. Levent Istanbul 34330

Project ID 56428

Status Signed

Location

Türkiye

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

11 Jun 2025

Disclosure date

04 Dec 2025

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

Project Objectives

TurYiB is a comprehensive and targeted initiative designed to foster youth entrepreneurship and support youth-led SMEs in Türkiye. EBRD financing will be accompanied by risk sharing mechanisms in the form of first loss covers enabled by i) the European Union through its European Fund for Sustainable Development Plus ("EFSD+") guarantee in the form of a first loss risk cover ("FLRC") of net 5% in favour of EBRD and ii) the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis.

Additionally, young entrepreneurs will benefit from tailored capacity-building activities, including training sessions and workshops, aimed at enhancing their business know-how and facilitating access to non-financial resources for long-term growth.

Transition Impact

ETI score: 72

The Project will contribute to Inclusive and Competitive transition impact qualities. It supports enhancing the role of youth-owned/led MSMEs in the economy by improving access to finance and capacity building, while fostering a market structure that strengthens AB's involvement in Youth MSME financing.

Client Information

AKBANK TAS

AB is a top tier privately-owned commercial bank incorporated in Türkiye. It is the 7th largest bank (4th largest private bank) in Türkiye, with consolidated assets of EUR 64bn and 8% market share at 1H25. Sabanci Holding (through affiliated institutions and individuals) owns 48% of AB, while the remaining shares (52%) are listed on Borsa Istanbul. AB is rated Ba3 (Stable) by Moody's and BB- (Stable) by Fitch.

EBRD Finance Summary

USD 50,000,000.00

Total Project Cost

USD 50,000,000.00

Additionality

Additionality of the project stems from the following sources: Financing structure: The proposed transaction will help AB to decrease its maturity mismatch and enable the bank to allocate funds to youth-owned/led businesses. Standard-setting: The TurYiB Programme will: support AB in developing tailored financial products and services for youth-owned/led MSMEs. The programme will also provide capacity-building TC to help young MSMEs access advisory services and expertise. Additionally, by demonstrating the success and viability of young entrepreneurs and fostering new business formation, the programme may help bridge gaps in MSME lending.

Green assessments

The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments.

Technical Cooperation and Grant Financing

AB will benefit from a Technical Cooperation ("TC") programme under two components; (i) TC support to AB to be delivered by the TurYiB Programme Consultant, who will focus on building the capacity of PFIs and supporting the Programme's development, implementation, marketing, and management; and (ii) The Youth MSMEs TC will be implemented in line with the Bank's Advice for Small Businesses methodology. TC support for the TurYiB programme is funded by multiple donors, including Turkiye-EBRD co-operation fund, EBRD Small Business Impact Fund and the EBRD Shareholder Special Fund.

Company Contact Information

Akbank Dis Kaynaklar
diskaynaklar@akbank.com
+90 212 385 62 38
+90 212 281 81 88
www.akbank.com
Sabanci Center 4. Levent Istanbul 34330

PSD Last Updated

04 Dec 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

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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FIF - Turkiye YiB - Akbank (EFSD+ P3)

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Green assessments

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

FIF - Turkiye YiB - Akbank (EFSD+ P3)

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Green assessments

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)