TAM Factoring - Equity

Location:

Turkey

Project number:

43505

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Approval date:

29 May 2012

Status:

Signed

PSD disclosed:

22 May 2012

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

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