PROJECT

Projects

Summary of Proposed Investment

Project Number

30769

Company Name

DENIZBANK ANONIM SIRKETI

Date SPI Disclosed

Feb 25, 2011

Country

Turkiye

Industry

Financial Markets

Projected Board Date

Apr 4, 2011

Status

Completed

Sector

Commercial Banking - Microfinance and Small Business

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Apr 21, 2011
Signed : Apr 22, 2011
Invested : Apr 27, 2011

Project Description

IFC proposes to purchase up to EUR50 million in bonds (up to 7 years) and act as one of the core investors to facilitate a successful issuance of a Diversified Payments Rights securitization by Denizbank in Turkey. The proceeds would be on-lent to small farmers and agribusiness companies.

Sponsor / Cost / Location

Development Impact