PROJECT

Projects

Summary of Investment Information

Project Number

32669

Company Name

FIBABANKA A S

Date SPI Disclosed

May 20, 2013

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Jun 20, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2013
Signed : Jul 24, 2013
Invested : Jul 31, 2013

Sector

Commercial Banking - General

Project Description

The project would provide a subordinated loan to Fibabanka A.Ş. in Turkey (“Fibabanka” or the “Bank”) of up to $40 million to support Fibabanka’s strategic business plan targeting an increased focus on small and medium enterprises (SME’s) (the “Project”). IFC is working to mobilize an additional US$15 million from parallel lenders.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation