Garanti Leasing - TurSEFF III (EBRD-50212)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
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
Jun 6, 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
GARANTI FINANSAL KIRALAMA AS
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • 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)
$ 58.91 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 50
Converted using 2018-06-06 exchange rate.
Project Cost (USD)
$ 58.91 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 50
Converted using 2018-06-06 exchange rate.
Campaign Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 3, 2018

Disclosed by Bank May 3, 2018


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Project Description

This project provides financing to Garanti Finansal Kiralama A.S, for funding resource efficiency and small-scale renewable energy investments in Turkey.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

Garanti Finansal Kiralama A.S. was established in 1990 as a subsidiary of Garanti Bankasi A.S. The Company is currently the 3rd largest leasing player in Turkey with total assets of EUR 1.6 billion. 

Contact Information

Damla Binici
DBinici@garantileasing.com.tr
www.garantileasing.com.tr/
Eski Buyukdere Cad. Ayazaga Koy Yolu No: 23 34396 Maslak, Istanbul

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.