MidSEFF III - TSKB (EBRD-48724)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
Nov 29, 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.
Borrower
Turkiye Sinai Kalkinma Bankasi
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 87.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 75 million
Converted using 2017-10-27 exchange rate.
Project Cost (USD)
$ 87.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 75 million
Converted using 2017-10-27 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 7, 2017

Disclosed by Bank Oct 27, 2017


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Project Description
This project provides financing to Turkiye Sinai Kalkinma Bankasi for on-lending to private sector borrowers for renewable energy and resource efficiency investments. This project is anticipated to have three tranches.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Mr. Coskun Kanberoglu (Head of Development Finance Institutions Department) developmentfinanceinstitutions@tskb.com.tr +90-212 334 5100 +90-212 334 5234 www.tskb.com.tr Meclisi Mebusan Cad. 81 Findikli Istanbul Turkey ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.