PROJECT

Projects

Summary of Investment Information

Project Number

36167

Company Name

FIBABANKA A S

Date SPI Disclosed

Nov 12, 2015

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Dec 28, 2015

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Jun 10, 2015
Signed : Oct 23, 2015
Invested : Nov 2, 2015

Sector

Commercial Banking - General

Project Description

Fibabanka A.S. (“Fibabanka” or the “Bank”) is a medium sized bank in Turkey with a focus on SMEs. The Project involves an equity investment of up to 10% stake in Fibabanka, to support the Bank in implementing its growth strategy (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation