A senior unsecured loan of EUR 50 million equivalent in USD to Denizbank A.S. as a part of a syndicated facility, under the Financial Intermediaries Framework.
Denizbank A.S. will use the proceeds of the loan to provide financing to micro, small and medium-sized enterprises (MSMEs) in Turkey with a focus on agribusiness.
ETI score: 60
The transition impact of the project will stem from: (i) fostering MSME competitiveness by increasing availability of financing; and (ii) encouraging sustainable portfolio growth by Denizbank A.S.
EBRD Finance Summary
Environmental and Social Summary
Categorised FI (ESP 2014): Denizbank A.S. is an existing client and will be required to continue to comply with the EBRD's Performance Requirements (PRs) 2, 4 and 9; continue to implement the applicable the Bank's Environmental and Social Risk Management Procedures for Corporate, SME and Micro Loans and submit Annual Environmental and Social Reports to the Bank.
Technical Cooperation and Grant Financing
Company Contact Information
Nimet Sinem Yahsi
+90 212 348 5453
PSD last updated
19 Feb 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.
More information on the EBRD’s practices in this regard is set out in the ESP.
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Access to Information Policy (AIP)
The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
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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 more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.