PROJECT

Projects

Summary of Investment Information

Project Number

49716

Company Name

QNB Bank AS

Date SPI Disclosed

Jul 22, 2025

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Aug 21, 2025

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Jul 2, 2026

Department

CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Mar 4, 2024

Sector

Commercial Banking - Trade

Project Description

The Project is an unfunded trade finance facility to QNB (‘QNB’ or the ‘Bank’) in an aggregate amount of approximately US$200 million under IFC’s Global Trade Finance Program (GTFP) in the form of a trade line pursuant to which IFC would guarantee letters of credit and other trade instruments issued by the Bank to support the Bank’s trade program. The project is to support short and medium term trade finance activities of Turkish exporters and importers. The GTFP proposed investment will offer Confirming Banks partial or full guarantees covering payment risk of the Bank in the Republic of Türkiye for their trade-related transactions.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation