TSKB Sustainable Climate (IFC-39330)

  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 4, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Climate and Environment
  • Energy
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Housing
  • Trade Finance
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank for a specific purpose. A "ring fence" is another name for the specific purpose. Financial intermediaries include insurance, pension and equity funds. A financial intermediary lends these funds to their clients in the form of loans, bonds, guarantees and equity shares.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 10, 2021

Disclosed by Bank Nov 1, 2017

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Project Description

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.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Financial Actor Relationship

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.

Private Actors
Private Actors Description

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.

Contact Information

Cigdem Icel
Executive Vice President
Meclisi Mebusan Cad. 81 Findikli 34427 Istanbul


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