Translated version of this PSD: Turkish
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.
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.
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.
Financing facility of up to EUR 60 million available in three tranches.
EUR 60 million.
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.
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).
Financial Institutions Division
Büyükdere Cad. No: 171 Metrocity
K: 12 34330 Esentepe / Istanbul
Phone: +90 212 344 0737
Fax: +90 212 319 7158
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