PROJECT

Projects

Summary of Investment Information

Project Number

34488

Company Name

ALTERNATIFBANK ANONIM SIRKETI

Date SPI Disclosed

Jan 2, 2014

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Feb 7, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 30, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 27, 2014
Signed : Apr 7, 2015
Invested : Apr 30, 2015

Sector

Commercial Banking - General

Project Description

The proposed project consists of a senior loan facility of up to US$50 million, a possible mobilization of parallel loans of up to US$25 million, as well as US$25 million under IFC''s Managed Co-Lending Portfolio Program, to Alternatif Bank A.S. (“Abank”). This is to support the Bank’s lending program in Sustainable Energy Finance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation