52280 - Garanti Lease

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Summary of Investment Information

Project Number

52280

Company Name

GARANTI FINANSAL KIRALAMA ANONIM SIRKETI

Date SPI Disclosed

Oct 2, 2026

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Aug 6, 2026

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Nov 12, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Aug 6, 2026

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed investment comprises a senior loan package to Garanti Finansal Kiralama A.S. (Garanti Leasing or the Company) for an aggregate amount of up to €250 million with a tenor of up to five years, including: (i) an A loan of up to €100 million for IFC’s own account; and (ii) B1 Loan of up to €150 million for the account of participants (the Project).

At least 50% of the proceeds will be allocated to financing small and medium sized enterprises (SMEs), of which 30% is expected to be dedicated to women-owned/led SMEs (WSMEs), while remaining 50% of the proceeds will support the expansion of the Company’s energy transition leasing portfolio.

Associated Advisory Engagement

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	115.02
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Long Term Loans to Corporates
Straight Senior Loan	Loans to SME Borrowers
Straight Senior Loan	Loans to Woman-Owned SMEs
Syndications	Long Term Loans to Corporates
Syndications	Loans to SME Borrowers
Syndications	Loans to Woman-Owned SMEs
Syndications	Long Term Loans to Corporates
Syndications	Loans to SME Borrowers
Syndications	Loans to Woman-Owned SMEs

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

Project Outcomes: Stakeholder Effects – Increased access to energy transition finance, SME and WSME financing: The Project is expected to directly expand the availability of both energy transition finance and SME-targeted leasing products in Turkiye. On the energy transition side, dedicated capital will flow toward energy efficiency, renewable energy, and clean equipment investments, enabling Garanti Leasing to offer longer-tenor, competitively priced leases to corporate and SME clients transitioning to lower-emission technologies, which are typically constrained by high upfront costs and limited access to long-term domestic funding. On the SME side, IFC's financing will support access to medium- to long-term capital for machinery, equipment, and vehicle acquisition among enterprises facing a structural financing gap. WSMEs stand to benefit, given the Company's commitment to gender-inclusive leasing. To monitor progress against these outcomes, IFC will track the volume and the share of energy transition leases in the Company’s overall portfolio, as well as the number and volume of both SME and WSME leases. Market Outcomes: Sustainability: The Project is part of IFC’s multi-project programmatic approach with Turkish NBFIs which aims to deepen the adoption of climate finance standards, products, and practices by leasing companies and other NBFIs in the Turkish market, including through the enhancement of these practices reflected in various advanced sustainability products, adoption of sustainability frameworks, and public reporting on sustainable finance, and other best practices. IFC anticipates that the Project will deepen market sustainability via demonstration and replication channels, encouraging other leasing companies to increase the share of eligible sustainable financing in their books. To measure progress against these outcomes, IFC will track the volume of such equipment leasing in Turkiye as a percentage of total leasing volume

IFC’s expected additionality in the Project is both financial and non-financial. Financial additionality will be delivered in the form of (i) financing structure (tenor) through the provision of relatively longer-term foreign currency financing, which will help minimize any potential maturity mismatches, and (ii) resource mobilization from B1 Loan participants. Non-financial additionality is provided in the form of standard setting, where IFC’s Environmental & Social (E&S) team will monitor Garanti Leasing as it enhances its Environmental & Social Management System (ESMS) framework. IFC’s support to the Company will also include broadening of the scope of applicable E&S requirements for solar PV and electric vehicle leasing, appointing an ESMS officer, and developing a structured annual E&S training plan for relevant staff.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of Outstanding Loans, Climate	number		Not Available	Not Available	Not Available
Number of Outstanding Loans, SMEs	number		Not Available	Not Available	Not Available
Number of Outstanding Loans, Women-led SMEs	number		Not Available	Not Available	Not Available
Share of Climate Loan Portfolio	R:%Pct		Not Available	Not Available	Not Available
SME share of total loan portfolio	%		Not Available	Not Available	Not Available
Value of Outstanding Loans, Climate	$		Not Available	Not Available	Not Available
Value of Outstanding Loans, SMEs	$		Not Available	Not Available	Not Available
Value of Outstanding Loans, Women-led SMEs	$		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The environmental and social (E&S) risks and impacts associated with the supported climate-related leasing activities are considered limited and readily addressed through mitigation measures. The overall portfolio risk is considered medium. Accordingly, the Project has been categorized as FI-2 in accordance with IFC’s Environmental and Social Sustainability Policy. Key E&S risks and potential impacts for this Project relate primarily to Garanti Leasing’s capacity to identify, assess, and manage E&S risks associated with the climate-related leasing activities for MSMEs and corporates supported under this transaction.

The Project will not support coal-related activities, or higher risk business activities including: (a) involuntary resettlement; (b) risk of adverse impacts on indigenous peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; (d) risk of retrenchment; or, (e) significant occupational health and safety risks. For this Project, the Leasing Company will be required to screen transactions against the IFC Exclusion List, and host country E&S laws and regulations, screen out higher-risk transactions as contemplated by the Performance Standards and conduct Supply Chain Assessment for Solar Photovoltaics (PVs) and Electric Vehicles (EVs).

For its own operations, the Company will comply with applicable Life and Fire Safety standards and maintain Labor and Working Conditions consistent with IFC Performance Standard 2. In addition, Garanti Leasing will strengthen its employee grievance mechanism to meet the requirements of Performance Standard 2.

Garanti Leasing operates under Garanti BBVA’s General Policy on Sustainability, which encompasses group-level policies and standards applicable to financial subsidiaries. Central to this policy is the development and implementation of a comprehensive Environmental and Social Management System (ESMS), which provide structured processes, roles, and monitoring mechanisms to identify, assess, and mitigate E&S risks across leasing operations and associated supply chains. The ESMS will include procedures to allow for the screening out of investments exposed to higher E&S risk activities as well as assessment of supply chain risks for solar PVs and EVs.

S.no	Title	Anticipated Completion Date
1	ESMS developed	10/28/2026
2	Assign ESMS officer	11/16/2026
3	Capacity building	10/28/2026
4	HR policies and procedures enhanced	10/28/2026
5	Training plan implementation	02/14/2027

Contacts

For Inquiries About the Project, Contact

Garanti Finansal Kiralama A.S.
Alper Kilavuz; Burak Karahasan
EVP Finance & Operations; Senior Specialist - Sales Coordination

AlperKila@garantibbvaleasing.com.tr
BurakKarah@garantibbvaleasing.com.tr
https://www.garantibbvaleasing.com.tr/en

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IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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