IsBank - MSME Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

15 Dec 2009



PSD disclosed:

02 Jul 2009

Project Description

The EBRD is considering providing EUR 20 million senior loan to Isbank to on-lend to Micro, Small and Medium Enterprises (MSMEs) in Turkey. The purpose of the project is to expand capital flows to MSMEs in underserved regions. EBRD’s financing will also assist Isbank in diversifying and lengthening its funding base.

Transition Impact

Transition impact will be achieved by providing medium and long term financing through this leading bank using its large and deep distribution network, as it can help expanding capital flows to MSMEs in relatively under-served regions and sectors.

The Client

Isbank is the second-largest bank in Turkey and the largest privately-owned bank by total assets. Isbank has long been focused on supporting MSMEs It was the first Turkish bank to launch “Small Business Loans” program, with the target to meet the specific financial requirements of small businesses for working capital, investment and foreign trade activities. The bank’s main business lines are SME and retail banking, along with corporate banking. Its strategy is focussed on maintaining is leading position, and increasing customer satisfaction.

EBRD Finance

Senior loan of EUR 20 million to Isbank.

Project Cost

Up to EUR 20 million.

Environmental Impact

The project is categorised FI (2008). Isbank will be required to comply with the Bank’s Performance Requirements for Financial Institutions (specifically, PR2: Labour and Working Conditions and PR9: Financial Intermediaries) and the EBRD's Environmental and Social Procedures for Small and Micro Loans. The bank will also be required to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the EBRD.

Technical Cooperation

The possibility of providing technical cooperation will be assessed during the project implementation for targeted assistance to increase and expand the MSME portfolios of Isbank in the relatively under-served regions.

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

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

Share this page: