PROJECT

Projects

Summary of Investment Information

Project Number

50193

Company Name

Citibank Turkey

Date SPI Disclosed

Oct 11, 2024

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Nov 13, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Feb 14, 2025

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Nov 18, 2024
Signed : Jan 27, 2025
Invested : Feb 12, 2025

Sector

Commercial Banking - Trade and Supply Chain

Project Description

GTLP Turkiye Citi II project (the “Project”) is a funded risk sharing facility where by Citibank, N.A. (“Citi”) and IFC would share the risk, on an up to 50-50% basis, in a portfolio of up to US$500 million of senior trade loans that Citi provides to banks in Europe and Central Asia region, including a subset for climate and sustainable trade financing. The Project is a renewal of prior GTLP Turkiye Citi project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation