This project provides financing to Turkiye Sinai Kalkinma Bankasi A.S, Turkey's first privately-owned development and investment bank. The loan will be used to finance climate mitigation and adaptation projects, including energy efficiency, resource efficiency, renewable energy, green buildings, occupational health and safety, and research and development in Turkey.
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific purpose. A “ring fence” is another name for the specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
50.71% of TSKB shares are held by the Turkiye Is Bankasi Group (IsBank), the largest private commercial bank in Turkey. The second largest shareholder is Turkiye Vakiflar Bankasi which holds 8.38%, the remainder is comprised of minor holdings of other institutional shareholders and free-float traded on the Borsa Istanbul.
Executive Vice President
Meclisi Mebusan Cad. 81 Findikli 34427 Istanbul
ACCOUNTABILITY MECHANISM OF IFC
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