Alease SME (IFC-41237)

Countries
  • 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
Proposed
Bank Risk Rating
FI
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
Aug 30, 2018
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.
Borrower
ALTERNATIF FINANSAL KIRALAMA ANONIM SIRKETI
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 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 Aug 3, 2018

Disclosed by Bank Jul 16, 2018


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Project Description

This project provides financing to Alternatif Finansal Kiralama A.S. for expanding the company's leasing operations to support energy efficiency and renewable energy projects proposed by small and medium-sized enterprises (SMEs) in Turkey.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Alternatif Lease is 100% owned by Alternatif Bank. The Bank is 100% owned by the Commercial Bank of Qatar.

Contact Information

No contact information available at time of writing. 

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