Translated version of this PSD: Turkish
The provision of an MSME A/B loan of up to EUR 55 million equivalent to QNB Finans Finansal Kiralama A.S. ("QNB Finans Leasing" or the "Company"), a subsidiary of QNB Finansbank to finance MSMEs in Turkey.
The proceeds of the A/B loan will be used for on-lending to micro, small and medium-sized businesses which have limited level of financial intermediation and constrained access to long-term finance. The project will assist QNB Finans Leasing to further diversify its funding base, while growing its leasing portfolio to MSMEs across the country.
The impact of the project will stem from: (i) fostering SME competitiveness by increasing availability of financing; and (ii) contributing to the resilience of QNB Finans Leasing's business by supporting sustainable portfolio growth.
QNB FINANS FINANSAL KIRALAMA AS
EBRD Finance Summary
EUR 40,000,000 (or its USD or TRY equivalent)
Total Project Cost
EUR 55,000,000 (or its USD or TRY equivalent)
Environmental and Social Summary
Categorised FI (ESP 2014). QNB Finans Leasing is an existing client of the Bank and will be required to continue to comply with Performance Requirements 2, 4 and 9; continue to implement the EBRD's Environment & Social (E&S) Risk Management Procedures for Leasing Companies which includes adherence to the EBRD's E&S Exclusion List; and submit Annual E&S Reports to the Bank.
Company Contact Information
+90 (0212) 349 11 11
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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