Project Description
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.
Transition Impact
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.
The Client
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.
EBRD Finance
Up to TRY 42.8 million of equity and debt finance.
Project Cost
Up to TRY 117.3 million.
Environmental Impact
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.
Technical Cooperation
None.
Company Contact
Mr Hasan Anlar
Chief Executive Officer
Email: hasananlar@lbtfaktoring.com.tr
Telephone: +90 2123554200
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.
