PROJECT

Projects

Summary of Investment Information

Project Number

40886

Company Name

TURKIYE GARANTI BANKASI AS

Date SPI Disclosed

Jun 13, 2018

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Apr 25, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 28, 2024

Department

CF2S8 - Regional Industry - FIG - ECA/FIG Inv Operations - ECA

Industry

Financial Markets

Previous Events

Approved : Apr 25, 2018
Signed : May 31, 2018
Invested : Jun 11, 2018

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

   The proposed Project entails an investment of up to US$75 million

in the first gender bond investment with an existing, well regarded and performing IFC client, Turkiye Garanti Bankasi A.S. (“Garanti”, “TGB”, or “the Bank”).   The bond to be issued by the Bank will be part of its GTMN programme and the proceeds of the bond issuance will be used to support the Bank’s lending operations to finance working capital needs of women-owned small enterprises in Turkey.                                             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation