FIF - QNB Finans Leasing SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 51144

Status Complete

Location

Türkiye

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 51144

Status Complete

Location

Türkiye

Business Sector

Notice Type

Private

Environmental Category

Approval Date

24 Jul 2019

Disclosure date

21 Jun 2019

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

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

Transition impact

ETI Score:60

PSD last updated

26 Nov 2019

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

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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