Translated version of this PSD: Turkish
The EBRD is considering equity and debt finance for LBT Varlık Yönetim A.Ş. (the “Company”).
The EBRD finance will be used to further expand the Company’s business of acquiring and resolving non-performing corporate and retail loans and receivables (“NPL”) from originating financial institutions in the country.
The Project will support a leading NPL asset manager to further expand its existing operations and the NPL market in Turkey as a whole. This is expected to have a beneficial impact on financial institutions’ balance sheets, introduce further efficiency in the NPL market and continue setting of standards of reputable and responsible resolution of NPLs in the country.
The Company is one of the leading NPL asset managers in Turkey, focusing on acquisition and resolution of non-performing loans and receivables from originating financial institutions in the country.
Up to TRY 100 million of equity and debt finance.
Up to TRY 100 million.
Categorised FI. LBT will be required to comply with the EBRD's Performance Requirements 2 and 9 and submit annual environmental and social reports to the EBRD. The Company's NPL collection procedures are implemented based on the UK and US best practices. ESDD training will be provided by the Bank to LBT.
Mr. Ilker Yoney,
Tel: +90 212 355 8012
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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