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.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
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
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. 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 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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.
