PROJECT

Projects

Summary of Investment Information

Project Number

37063

Company Name

TURKIYE SINAI KALKINMA BANKASI A.S.

Date SPI Disclosed

Jul 16, 2015

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Aug 17, 2015

Environmental Category

FI-1 - Significant

Status

Completed

Last Updated Date

Jan 26, 2023

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Aug 26, 2015
Signed : Sep 21, 2015
Invested : May 18, 2016

Sector

Development Finance Company

Project Description

The project is to provide a senior loan for an amount of up to US$75 million to Turkiye Sinai Kalkinma Bankasi A.S (“TSKB” or the “Bank”), Turkey’s first privately-owned development and investment bank. Loan proceeds will be used to finance climate mitigation projects including projects related to sustainable energy (energy efficiency and renewable energy) and resource efficiency investments in Turkey.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation