PROJECT

Projects

Summary of Investment Information

Project Number

38649

Company Name

TURKIYE GARANTI BANKASI AS

Date SPI Disclosed

Jun 7, 2017

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

May 12, 2016

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 30, 2022

Department

CFGF8 - Global Industry, Financial Markets/FIG Operations - CSE

Industry

Financial Markets

Previous Events

Invested : Jun 30, 2017

Sector

Commercial Banking - Housing Finance

Project Description

The proposed project is an investment of up to US$150 million equivalent in Turkish lira in the Mortgage Covered Bond to be issued by Türkiye Garanti Bankasi AS (Garanti Bank or the “Bank”). The bond to be issued by the Bank will be backed by receivables arising under the Bank’s mortgage portfolio, including green mortgages. The proceeds of the sale of the bond will be used to support the Bank’s lending operations in green mortgages to individuals in Turkey.

Associated Advisory Engagement

None

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation