Translated version of this PSD: Turkish
The EBRD is considering a EUR 150 million financing facility for Türkiye İş Bankası (“Isbank”), an EBRD partner bank since 2010. The financing facility will be provided to Isbank in three tranches to be on-lent to SMEs operating in priority sectors such as agriculture, energy efficiency and renewable energy as well as women in business initiatives (“WIB”).
The facility’s agricultural lending tranche will underpin the growth of Isbank’s lending activities and increase access to finance and job creation in the agricultural sector and in the least economically developed areas of Turkey.
The facility’s energy efficiency tranche will further demonstrate to SMEs the effects of rational energy utilisation for improving industrial competitiveness in light of rising energy costs in Turkey.
Finally, the WIB tranche will support women’s entrepreneurship and economic empowerment in the country.
Isbank, established in 1924, is the largest bank in Turkey by total assets with a market share of 13.5%, 14.2% by total loans and 12.6% by shareholders’ equity as of end-2012 The bank operates nationwide through a network of 1,231 domestic branches. Isbank has long been focused on supporting SMEs and was the first Turkish bank to launch a “Small Business Loans” program.
Financing facility of up to EUR 150 million available in three tranches.
EUR 150 million.
Categorised FI. Isbank will be required to comply with the Bank’s Performance Requirements 2 and 9 and the EBRD's Environmental and Social Procedures for Small and Micro Loans. The bank will also be required to submit annual environmental and social reports to the EBRD.
Isbank will benefit from technical assistance provided under the Turkey MSME Lending Technical Co-operation Programme (TMSMELP) funded by the EU Turkey Private Sector Support Facility (TurPSSF) and from technical assistance funded by the EU/EBRD SME Finance Facility for EE.
Türkiye Is Bankasi A.Ş.
International Banking Division
Structured Finance Unit
Is Kuleleri Kule:1 Kat:25 34330 4.Levent - Istanbul
Phone: +90 212 316 28 10
Fax: +90 212 316 08 32
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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