PROJECT

Projects

Summary of Investment Information

Project Number

49789

Company Name

QNB Bank AS

Date SPI Disclosed

Jun 18, 2025

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Oct 8, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 18, 2025

Department

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

Industry

Financial Markets

Previous Events

Approved : Oct 8, 2024
Signed : Oct 11, 2024
Invested : Oct 16, 2024

Sector

Commercial Banking - General

Project Description

The proposed investment involves IFC's subscription to two bonds issued by QNB Finansbank (‘QNBF’ or the ‘Bank’): a green bond of up to $100 million and a blue bond of up to $25 million. IFC will invest up to $50 million in the green bond and will be the sole investor in the blue bond for $25 million. QNB-F will use the bond proceeds to extend financing to eligible SMEs and select corporate and commercial borrowers for their climate financing needs. IFC will serve as an anchor investor for the green bond issuance, having structured the offering and assisted the Bank in identifying eligible green assets. 

Associated Advisory Engagement

                                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation