PROJECT

Projects

Summary of Investment Information

Project Number

48802

Company Name

DENIZBANK ANONIM SIRKETI

Date SPI Disclosed

Dec 11, 2023

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Feb 1, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Jul 13, 2023
Signed : Dec 14, 2023
Invested : Dec 21, 2023

Sector

Commercial Banking - SME Finance

Project Description

The proposed financing package (the Project) to DenizBank A.S (“DenizBank” or the “Bank”) consists of (i) IFC A Loans of up to US$70 million on own account (including US$20 million credit insurance); and (ii) B1 Loans of up to EUR10 million, and (iii) parallel loans of up to EUR35 million.

The proposed investment is a part of IFC’s wider earthquake response project (FIG TUR-ER, Project #48230) which entails up to US$600 million financing to five Turkish banks. The tenor of the loan is 367 days renewable twice at each maturity date upon mutual agreement of IFC and the Bank for a period of 37-months. The investment will support the Bank’s lending program to retail borrowers, and provide short-term working capital loans to micro enterprises including agribusiness farmers and whose main business or activity is primary agricultural production and/or agricultural product processing facility (which for the avoidance of doubt excludes food and beverage processing) sector in the Earthquake-impacted Region.                                           

Associated Advisory Engagement

                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation