Yapi Kredi Leasing - SME Credit Line

Location:

Turkey

Project number:

45316

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

04 Sep 2013

Status:

Complete

PSD disclosed:

02 Aug 2013

Translated version of this PSD: Turkish

Project Description

The EBRD is considering a senior loan of up to €50 million equivalent to Yapi Kredi Leasing (“YKL”), a subsidiary of Yapi Kredi Bank (“YKB”), the fourth largest privately owned bank in Turkey, to expand its leasing activities to micro, small and medium-sized enterprises (MSMEs) in Turkey. The purpose of the project is to increase the availability of leasing finance for machinery and equipment to MSMEs located in underserved regions. EBRD financing will also assist YKL in diversifying its funding base as part of its broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact will stem from expanding the availability of leasing products in priority development regions in Turkey drawing on YKL’s expertise in providing equipment finance to MSMEs to increase its presence further in the regions.

The project will make a contribution towards lengthening YKL’s funding base to match the tenor of the underlying leases and accessing sustainable sources of financing going forward.

The Client

Established as one of the first leasing companies in Turkey, YKL is the sector leader and largest leasing company in Turkey by assets and new leasing volumes as of the first half of 2013. YKL has specialised expertise in providing equipment leasing and vendor finance to MSMEs.

EBRD Finance

Senior loan of up to €50 million equivalent to YKL to be disbursed in two tranches.

Project Cost

Up to €50 million equivalent.

Environmental Impact

The project is categorised FI. YKL will be required to comply with EBRD Performance Requirements (PRs) 2 & 9, adopt and implement the EBRD's Environmental and Social Procedures for Leasing and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact

Yapı Kredi Finansal Kiralama A.O.

Zeynep Küçüköner, Treasury and Foreign Relations Manager
Email: zeynep.kucukoner@ykleasing.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

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

Share this page: