PROJECT

Projects

Summary of Proposed Investment

Project Number

29413

Company Name

ALTERNATIFBANK ANONIM SIRKETI

Date SPI Disclosed

Sep 22, 2010

Country

Turkiye

Industry

Financial Markets

Projected Board Date

Oct 25, 2010

Status

Completed

Sector

Commercial Banking - SME Finance

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Dec 13, 2010
Signed : Dec 22, 2010
Invested : Dec 29, 2010

Project Description

The proposed project is comprised of a subordinated loan investment in Alternatif Bank A.S. (“Abank” or the “Bank”) of up to $50,000,000 which will qualify as Tier II capital.

IFC’s role and additionality in the proposed project is to provide long-term support which will enhance the stability of a well-managed, mid-tier Turkish client. The proposed investment is intended to strengthen the Bank’s balance sheet by expanding its capital base, as well as support its growth strategy, focusing on the SME segment.

Sponsor / Cost / Location

Development Impact