Banvit is majority-owned by the members of the Görener, Koçman and Ebubekir families (79% total) while 19% of the shares traded on the Istanbul Stock Exchange and 2.5% owned by IFC.

$72 million equivalent. The proposed IFC investment is an A Loan of up to $25 million

35.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	35.0
Equity

* These investment figures are indicative

Banvit is headquartered in the small city of Bandirma, on the Marmara Sea, southwest of Istanbul and also has operations in Izmir, Turkey. Its Romanian facilities will be located in the Urziceni area, 60 km from Bucharest.

Banvit is the leading employer in Bandirma. The company directly employs about 1,900 employees in Bandirma and Izmir and has exclusive contractual arrangements for the operation of 700 broiler and breeder farms which provide employment to numerous others. In addition to the direct benefits of the project accruing to the current employees and associated farmers, the project will support economic growth of the Bandirma region through forward and backward linkages associated with both increased poultry production and incomes of outgrowers and Banvit’s employees.

IFC’s financing will provide support for the expansion and modernization of an IFC client and a leading poultry producer in Turkey that relies not only on IFC’s funding but also technical expertise and support. IFC’s role would be to support a successful client with strong industry experience by providing long-term financing to expand and modernize its local business, become more self-reliant for its increasingly important raw material – red meat - and invest in a neighboring country (Romania), contributing to its much-needed poultry industry development.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific impacts may result that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review analyzed potential environmental, social, health and safety impacts including Banvit''s management capacity to address these issues, emissions to the environment, hazardous materials, waste management, labor, occupational health and safety and community engagement. The identified environmental, social and health and safety impacts which require ameliorative measures are summarized in a Corrective Action Plan (CAP) that Banvit will implement as part of IFC’s Loan Agreement. Upon successful implementation of the agreed mitigation measures, the proposed project is expected to comply with local laws and regulations as well as applicable World Bank/IFC guidelines for environmental, social and health and safety. The Environment and Social Review Summary (ESRS) and the CAP have been locally disclosed, and are also available on the internet at: http://www.banvit.com.