TSKB-Resource Efficiency Credit Line

Location:

Turkey

Project number:

45718

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

25 Jun 2014

Status:

Repaying

PSD disclosed:

31 Mar 2014

Translated version of this PSD: Turkish

Project Description

The EBRD is considering a senior loan of up to €50 million (or USD equivalent) to Turkiye Sınai ve Kalkınma Bankası ("TSKB"), Turkey's first privately owned development and investment bank, to provide financing for eligible resource efficiency ("ResE") sub- projects. This is a dedicated resource efficiency credit line with the purpose of providing innovative finance and technical support for improvements in resource efficiency (water efficiency, waste minimisation and energy efficiency) by private sector companies in Turkey.

Transition Impact

Transition impact will stem from introducing new technologies, practices and awareness that will improve resource efficiency across a range of sectors in Turkey. The Facility will also help businesses and financial institutions to understand and take advantage of the rapidly evolving regulatory context in Turkey for resource efficiency, especially water and waste management. The Facility will support the private sector in contributing towards the achievement of EU standards on water and waste in Turkey, through improving market conditions for resource efficiency investments.

This project will also have a demonstration effect by demonstrating that resource efficiency investments are commercially viable, profitable and attractive to both Sub-borrowers and local banks by show casing novel and profitable technologies and approaches to resource efficiency in business.

The Client

TSKB is Turkey's first privately owned development and investment bank. TSKB ranks as the 21st largest bank (including participation banks) in terms of asset size and also the third largest among the development and investment banks as of YE2013. The bank serves a wide array of customers in the areas of corporate lending, project finance and financial leasing, as well as corporate finance services, capital markets and treasury transactions within the scope of investment banking.

EBRD Finance

Senior unsecured loan of up to €50 million (or USD equivalent).

Project Cost

Up to €50 million (or USD equivalent).

Environmental Impact

Categorised FI: TSKB is required to implement EBRD's Performance Requirements 2 and 9 and the EBRD E&S criteria for ResE. TSKB will submit Annual Environmental and Social Reports to the Bank on the implementation of the E&S requirements.

Technical Cooperation

Technical cooperation (TC) support, on request from TSKB and on an as-needed basis, will be provided to facilitate the transfer of new resource efficiency financing approaches to TSKB in order to increase their capabilities in identifying, appraising and financing resource efficiency projects, to raise awareness across the business and financing communities of the implications and business opportunities created by the emerging regulatory context for water and waste management, and to provided technical support on specific sub-projects where appropriate.

Company Contact

Orhan Beşkök
Senior Executive Vice President
Meclisi Mebusan Cad. 81
Findikli Istanbul
Tel: (+90-212) 334 52 61
Fax : (+90-212) 334 52 34
E-mail : beskoko@tskb.com.tr

 

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

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Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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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.