Summary of Proposed Investment
Project Number
7813
Company Name
RANT FINANSAL KIRALAMA A S
Date SPI Disclosed
Jan 9, 1997
Country
Turkiye
Industry
Financial Markets
Status
Completed
Sector
Leasing Services
Department
Regional Industry FIG MCT
Environmental Category
FI
Previous Events
Approved : Apr 24, 1997
Signed : Nov 18, 1997
Invested : Dec 30, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Turkey-Rant Finansal Kiralama A.S. (Rant Leasing) |
| Region | Europe |
| Sector |
Projected Board DateFebruary 10, 1997
Company NameRant Finansal Kiralama A.S.
Technical Partner and/or Major Shareholders
GSD Foreign Trade Company
Project Cost Including proposed IFC investment
US$5 million, all for the account of IFC.
Location of project and Description of site
Istanbul, Turkey
Description of Company and Purpose of Project
Rant Leasing is a medium-sized, non-bank owned leasing company, whose niche is the small and medium enterprise (SME) sector in which it has a competitive advantage since its majority shareholder, GSD, represents hundreds of small manufacturers in their export transactions. The project is an integral part of the Turkey Lease Finance Program, under which IFC has provided medium-term financing to several leasing companies, either directly, or indirectly through parent banks. It continues IFC’s efforts to support both the Turkish leasing industry, through funding and institutional development, and the SME sector.
Environmental Category and Issues
This is a category FI project according to IFC’s environmental review procedure. For relevant operations, Rant Leasing will be required to implement an environmental risk management system.
| Date SPI sent to PIC | January 9, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
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