PROJECT

Projects

Summary of Investment Information

Project Number

48722

Company Name

YAPI VE KREDI BANKASI ANONIM SIRKETI

Date SPI Disclosed

Oct 17, 2023

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Sep 27, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 23, 2023

Department

CF5IS - Regional Industry FIG MCT/FIG MCT Investment Services

Industry

Financial Markets

Previous Events

Approved : Sep 27, 2023
Signed : Oct 11, 2023
Invested : Oct 13, 2023

Sector

Commercial Banking - General

Project Description

The proposed project aims to provide financing of up to US$125 million from IFC’s own account to Yapi Kredi (“YKB” or the “Bank”) through an investment in the Bank’s Diversified Payment Rights (“DPR”) notes. The proceeds of IFC’s investment will enable the Bank to continue supporting Micro, Small, and Medium Enterprises (“MSME”) in Türkiye, with a portion earmarked for women-owned MSMEs (WMSMEs) and a portion for climate finance for MSMEs.   

Associated Advisory Engagement

                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation