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According to the IFC, the proposed investment entails up to US$140 million senior unsecured loans with tenor up to 5 years to Yapi Kredi Finansal Kiralama A.O. (YKL or the Company), consisting of IFC's A Loan of up to US$100 million and mobilization of US$40 million from insurers depending on the availability and appetite, to finance energy transition financing leasing operations in Türkiye including Renewable Energy and Energy Efficiency, with 15% carve-out for blue finance. YKL is a long-standing IFC client and the largest leasing company in Türkiye by assets and new leasing volumes as of FY2024. This Project will complement IFC's previous Energy Efficiency (EE) and Renewable Energy (RE) engagements with the Company.
As stated by the IFC, the proposed IFC investment consists of IFC's senior loans of up to US$140 million with a tenor of up to 5 years, of which up to US$100 million from IFC's own account and up to US$40 million from insurers depending on availability and appetite, to Yapi Kredi Finansal Kiralama A.O.
As stated by the IFC, YKL, one of the first leasing companies in Türkiye, is fully owned by Yapi Kredi Bank (YKB), an IFC client and a Tier 1 private bank in Türkiye with 804 nationwide branches. YKB is 68% owned by Koc Holding, a major industrial and services group in Türkiye with total asset size of US$117.2 billion and equity of US$24.1 billion as of June 2025. Koc Holding is rated one notch above Türkiye’s Sovereign rating by S&P.
Financial Intermediary - Yapi Kredi Finansal Kiralama A.O.:
Mustafa Mete Diken - Head of Treasury
Phone: +90 533 455 06 35
Email: mete.diken@ykleasing.com.tr
Address: Levent Mahallesi, Cömert Sokak, No:1A, D:18-19-20, Besiktas, Istanbul, Türkiye
Website: www.ykleasing.com.tr
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Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
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