GEFF III - Turkiye - QNB Leasing

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

A senior unsecured loan of up to EUR 50 million consisting of EUR 47 million EBRD financing and EUR 3 million of concessional finance component to be provided by TaiwanICDF in favour of QNB Leasing ("QNBL"). The project will enable QNBL to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, QNBL will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes ("Affected Regions") and the operation is therefore complemented by concessional finance.

Project ID 56942

Status Signed

Location

Türkiye

Industry 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

Sevtap Ozturk
sevtap.ozturk@qnbleasing.com.tr
+902123461134
www.qnbleasing.com.tr
Büyükdere Cad. No:215 Kat:22 QNB Kristal Kule, 34394 Istanbul Turkiye

Project ID 56942

Status Signed

Location

Türkiye

Industry Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

14 Jan 2026

Disclosure date

18 May 2026

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

The loan will be used by QNBL for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments including among others energy efficiency, renewable energy and climate resilience measures, including sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, while promoting equal access to green finance for both women and men.

Transition Impact

ETI score: 63

ETI 63

Transition impact is expected to derive from the Green and Inclusive qualities of Türkiye GEFF III Framework ("Framework").

Green: The project will promote the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye, preventing the economy from being locked into carbon-intensive, climate-vulnerable and/or environmentally damaging polluting pathways, with 100 per cent use of proceeds confirmed as GET.

Inclusive: The project will have a special focus on the region of the country affected by the February 2023 earthquakes, particularly in relation to the long-term green recovery and reconstruction efforts. This window will support on-lending to sub-borrowers in the earthquake affected regions for investments in green technologies and services such as energy efficiency, renewable energy, green buildings, and related working capital, promoting a sustainable recovery.

Client Information

QNB FINANSAL KIRALAMA AS

QNB L easing was founded in 1990 as a subsidiary of QNB Bank A.S. ("QNB TR"). QNB TR holds 99.4% of the shares while the rest traded on the Borsa Istanbul. QNBL has a good geographical coverage with 13 branches, while also leveraging the branch network of its parent. QNB Leasing is rated BB- (Stable) by Fitch.

EBRD Finance Summary

EUR 47,000,000.00

Total Project Cost

EUR 50,000,000.00

Additionality

Key sources of additionality under the project are:

(i) Financing Structure (EBRD offers a tenor, which is longer than available to the client in the market on reasonable terms and conditions)

(ii) Financing structure (Crisis response: EBRD financing effectively bridges a financing gap due to adverse market conditions); and

(iii) Standard-setting: helping projects and clients achieve higher standards (Client seeks/makes use of EBRD expertise for the adoption of gender standards and/or equal opportunities action plans).

Technical Cooperation and Grant Financing

The Project will be supported by a TC package for the engagement of the Facility Consultant (FC), responsible for providing limited support for the implementation, monitoring and verification activities under the Facility.

Funding source: CIF, EBRD Shareholder Special Fund.

Company Contact Information

Sevtap Ozturk
sevtap.ozturk@qnbleasing.com.tr
+902123461134
www.qnbleasing.com.tr
Büyükdere Cad. No:215 Kat:22 QNB Kristal Kule, 34394 Istanbul Turkiye

PSD Last Updated

18 May 2026

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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GEFF III - Turkiye - QNB Leasing

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

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)

GEFF III - Turkiye - QNB Leasing

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

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)