Sekerbank - MSME Financing Facility

Location:

Turkey

Project number:

44964

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

25 Jun 2013

Status:

Completed

PSD disclosed:

21 May 2013

Translated version of this PSD: Turkish

Project Description

The EBRD is considering a EUR 60 million financing facility for SekerBank T.A.Ş. (“SekerBank”), an EBRD partner bank since 2011. The financing facility will be provided to SekerBank in up to three tranches to be on-lent to MSMEs operating in the agribusiness sector in the least developed regions of Turkey as well as to women-owned and managed SMEs under the EBRD’s Women In Business (“WIB”) initiative.

Transition Impact

The facility’s agricultural lending tranche will underpin the growth of SekerBank’s lending activities and increase access to finance and job creation in the agribusiness sector and in the least economically developed regions of Turkey.

The facility’s WIB tranche will support women’s entrepreneurship and economic empowerment in the country.

The Client

SekerBank is a well-established second tier bank in Turkey with a strong focus on SME-lending and a large presence in relatively less-developed Eastern Turkey. The bank has a market share of 1.3% in terms of lending and deposits as of end-2012 and operates a network of 282 branches of which 75% are located outside of the three largest cities.

EBRD Finance

Financing facility of up to EUR 60 million available in three tranches.

Project Cost

EUR 60 million.

Environmental Impact

Categorised FI. SekerBank 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.

Technical Cooperation

SekerBank 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).

Company Contact

Oya Sari
SekerBank T.A.Ş..
Financial Institutions Division
Büyükdere Cad. No: 171 Metrocity
K: 12 34330 Esentepe / Istanbul

Phone: +90 212 344 0737
Fax: +90 212 319 7158
E-mail: oya.sari@sekerbank.com.tr

 

Business opportunities

For business opportunities or procurement, contact the client company.

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