Translated version of this PSD: Turkish
Project Description
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.
Project Objectives
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.
Transition Impact
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.
Client Information
QNB FINANS FINANSAL KIRALAMA AS
EBRD Finance Summary
EUR 40,000,000.00
EUR 40,000,000 (or its USD or TRY equivalent)
Total Project Cost
EUR 55,000,000.00
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.
Technical Cooperation
None
Company Contact Information
Gülsün Atmaca
Gulsun.Atmaca@qnbfl.com
+90 (0212) 349 11 11
https://www.qnbfl.com/homepage
Business opportunities
For business opportunities or procurement, contact the client company.
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.
