The EBRD is considering providing equity and debt finance of up to TRY 42.8 million to TAM Faktoring (the “Company”).
The EBRD finance will be used to fund the Company’s factoring services and branch roll-out in Turkey.
The Project supports the development and expansion of a new factoring company in Turkey. The Company intends to provide factoring services to Micro, Small and Medium-sized Enterprises (MSMEs), particularly those operating in the regions and those not otherwise well- served by existing factoring companies and banks.
TAM Faktoring is a new independent factoring company in Turkey that will become a significant provider of factoring services to MSMEs through a branch network that once established will be amongst the largest factoring branch networks in Turkey.
Up to TRY 42.8 million of equity and debt finance.
Up to TRY 117.3 million.
Categorised FI. TAM will be required to comply with the EBRD's Performance Requirements 2 and 9, implement EBRD's E and S Procedures for Factoring and submit annual environmental and social reports to the EBRD.
Mr Hasan Anlar
Chief Executive Officer
Telephone: +90 2123554200
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