PROJECT

Projects

Summary of Investment Information

Project Number

39330

Company Name

TURKIYE SINAI KALKINMA BANKASI A.S.

Date SPI Disclosed

Nov 1, 2017

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Dec 4, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 26, 2025

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Dec 7, 2017
Signed : Dec 18, 2017
Invested : Mar 26, 2018

Sector

Development Finance Company

Project Description

The project comprises 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 and adaptation projects including projects related to externalities of and investments in sustainable energy (energy efficiency, resource efficiency and renewable energy), green buildings, occupational health and safety, and  R&D investments in Turkey.

                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation