Garanti Lease RO2 (IFC-39287)

Countries
  • Romania
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 26, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Motoractive IFN SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.87 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.87 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 1, 2018

Disclosed by Bank Mar 1, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IFC website, Motoractive IFN S.A. is the eighth largest leasing company in Romania with an estimated market share of 4.6 percent as at December 2016. The proposed project is a senior loan of up to EUR5.5 million to Garanti Leasing, for on-lending to women-controlled small and medium enterprises (SMEs). The proposed investment is consistent with IFC’s strategy in Romania and would help a good existing IFC client to expand its SME reach with focus on women owned businesses, moreover, it would strengthen the relationship with Garanti group.

The main objectives of the project are to (i) help respond to the critical term funding gap for SMEs as Garanti Leasing's customer base is predominantly SME's; (ii) alleviate the difficulty of SMEs in accessing bank financing by using asset-secured lease finance; and, (iii) generate employment through resultant growth of SMEs and investment in productive assets, with a focus on women owned SMEs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Garanti Leasing is 100% owned by Turkyie Garanti Bankasi A.S., the second largest bank in Turkey, through two holding companies based in the Kingdom of the Netherlands: G Netherlands B.V., with (99.99997%) shareholding and Garanti Holding B.V. (0.00003%). In turn, Turkyie Garanti Bankasi A.S. is controlled by two entities: Banco Vizcaya Argentina (BBVA), the second largest bank in Kingdom of Spain with global operations, which has a share of 39.9% and Dogus Holding, a Turkish holding group, with a 10.0% stake.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Motoractive IFN S.A. is the eighth largest leasing company in Romania with an estimated market share of 4.6 percent as at December 2016. It was established as Motoractive IFN S.A. in 1998 and in 2006 was acquired by GE Money. Turkiye Garanti Bankasi became the largest indirect shareholder of the Company in 2010, and rebranded it to Garanti Leasing Romania in 2011. Garanti Leasing employs 72 fulltime staff in Romania and has eight offices in the country.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Acek Desarrollo y Gestion Parent Company Energy owns Adares Wepp Extension Client Energy
Akfen Altyapi Danismanlik AS Parent Company Energy owns Menzelet Kilavuzlu Elektrik Client Energy
Akfen Holding AS Parent Company Energy owns Canakkale & Denizli Wind Farms Client Energy
Akfen Renewable Energy Parent Company Energy owns Acquisition of Saritepe and Demirciler Wind Farms (80.3MW) Client Energy
Alarko Holding AS Parent Company Energy owns MEDAS Client Energy
Alibeyhyugu RES Parent Company Energy owns Alibeyhyugu Wind Plant (3MW) Client Energy
Amgen Inc Parent Company Energy owns Atakale Wepp Client Energy
Atakaleres Parent Company Energy owns Atakale Wind Farm (40.5MW) Client Energy
BAK Enerji Parent Company Energy owns Adares Wind Plant (12MW) Expansion Client Energy
Baskent Gas Distribution Parent Company Energy owns Baskent Gas Distribution Additional Facility Client Energy
Beycelik Gestamp Yenilenebilir Enerji Parent Company Energy owns Adares Wind Plant (12MW) Expansion Client Energy
Borusan Parent Company Energy owns Saros Wind Farm (138MW) Client Energy
Canres Elektrik Uretim AS Parent Company Energy owns Soganli Wepp Client Energy
Cengiz Holding AS Parent Company Energy owns AEDC Privatization Client Energy
Cengiz Holding AS Parent Company Energy owns Bogazici-Akdeniz-Camlibel Electricity Distribution 1 Client Energy
Cengiz Holding AS Parent Company Energy owns Bogazici-Akdeniz-Camlibel Electricity Distribution 2 Client Energy
Cengiz Holding AS Parent Company Transport owns Istanbul New Airport Additional Facility 2018 Client Transport
Cengiz Holding AS Parent Company Transport owns New Istanbul Airport Phase I Additional Facility 2019 Client Transport
Cengiz Holding AS Parent Company Energy owns Uludag and Camlibel Distribution Regions Additional Facility 2018 Client Energy
Ciftciler Group Parent Company Construction owns Ciftci Towers Client Construction
Coban Yildizi Parent Company Energy owns Kangal Thermal Power Plant (450MW) Additional Facility Client Energy
COFCO Corp Parent Company Agriculture and Forestry owns Nidera BV Client Agriculture and Forestry
Demirer Enerji Parent Company Energy owns Dares Datca Wind Farm Extension (12MW) Client Energy
Demirer Holding AS Parent Company Energy owns Alize Enerji Elektrik Uretimi Client Energy
DF Energy Acquisition LLC Parent Company Mining owns Castleton Commodities Intl Client Mining
Dogrudan Elektrik Parent Company Energy owns Kangal Thermal Power Plant (450MW) Additional Facility Client Energy
Dogus Cay ve Gida Maddeleri Parent Company Construction owns Forum Marmara Shopping Mall Client Construction
E ON SE Parent Company Energy owns Enerjisa Enerji Uretim As Client Energy
Elawan Energy Parent Company Energy owns Adares Wind Plant (12MW) Expansion Client Energy
Enercon Parent Company Energy owns Dares Datca Wind Farm Extension (12MW) Client Energy
Enerjisa Parent Company Energy owns Enerjisa Enerji Additional Facility 2019 (2) Client Energy
Enerjisa Uretim Parent Company Energy owns Enerjisa Uretim Refinancing 2020 Client Energy
Eren Holding AS Parent Company Energy owns Medcem Madencilik Client Energy
Farringford N V Parent Company Mining owns Trafigura Pte Ltd Client Mining
Farringford NV Parent Company Mining owns Trafigura Pte Ltd Client Mining
Garanti Bank Investor Finance invests in Acek Desarrollo y Gestion Parent Company Energy
Garanti Bank Investor Finance invests in Acquisition of Saritepe and Demirciler Wind Farms (80.3MW) Client Energy
Garanti Bank Investor Finance invests in Adares Wepp Extension Client Energy
Garanti Bank Investor Finance invests in Adares Wind Plant (12MW) Expansion Client Energy
Garanti Bank Investor Finance invests in AEDC Privatization Client Energy
Garanti Bank Investor Finance invests in Afyon Sugar Factory Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in Akbuk Wind Power Plant Parent Company Energy
Garanti Bank Investor Finance invests in Akfen Altyapi Danismanlik AS Parent Company Energy
Garanti Bank Investor Finance invests in Akfen Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Akfen Renewable Energy Parent Company Energy
Garanti Bank Investor Finance invests in Akkus Wind Farm (10MW) Client Energy
Garanti Bank Investor Finance invests in Alarko Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Alasehir Geothermal Power Parent Company Energy
Garanti Bank Investor Finance invests in Alibeyhyugu RES Parent Company Energy
Garanti Bank Investor Finance invests in Alibeyhyugu Wind Plant (3MW) Client Energy
Garanti Bank Investor Finance invests in Alize Enerji Elektrik Uretimi Client Energy
Garanti Bank Investor Finance invests in ALRO SA Client Mining
Garanti Bank Investor Finance invests in Alvean Sugar SL Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in Ameropa AG Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in Amgen Inc Parent Company Energy
Garanti Bank Investor Finance invests in Ankara Esenboga Airport Refinancing Client Transport
Garanti Bank Investor Finance invests in Arkas Holding AS Parent Company Transport
Garanti Bank Investor Finance invests in Atakale Wepp Client Energy
Garanti Bank Investor Finance invests in Atakale Wind Farm (40.5MW) Client Energy
Garanti Bank Investor Finance invests in Atakaleres Parent Company Energy
Garanti Bank Investor Finance invests in Aydin Biomass Client Energy
Garanti Bank Investor Finance invests in Bagistas II HPP Client Energy
Garanti Bank Investor Finance invests in BAK Enerji Parent Company Energy
Garanti Bank Investor Finance invests in Basari SPP Parent Company Energy
Garanti Bank Investor Finance invests in Baskent Dogalgaz Dagitim AS Client Mining
Garanti Bank Investor Finance invests in Baskent Gas Distribution Parent Company Energy
Garanti Bank Investor Finance invests in Baskent Gas Distribution Additional Facility Client Energy
Garanti Bank Investor Finance invests in BB Energy (Gulf) DMCC Parent Company Mining
Garanti Bank Investor Finance invests in Beycelik Gestamp Yenilenebilir Enerji Parent Company Energy
Garanti Bank Investor Finance invests in Bilim Ilac Sanayi ve Ticaret Parent Company Education and Health
Garanti Bank Investor Finance invests in Bogazici Elektrik Dagitim AS Parent Company Energy
Garanti Bank Investor Finance invests in Bogazici-Akdeniz-Camlibel Electricity Distribution 1 Client Energy
Garanti Bank Investor Finance invests in Bogazici-Akdeniz-Camlibel Electricity Distribution 2 Client Energy
Garanti Bank Investor Finance invests in Borusan Parent Company Energy
Garanti Bank Investor Finance invests in Camlibel Elektrik Dagitim AS Client Energy
Garanti Bank Investor Finance invests in Canakkale & Denizli Wind Farms Client Energy
Garanti Bank Investor Finance invests in Canakkale Otoyol Client Transport
Garanti Bank Investor Finance invests in Canres Elektrik Uretim AS Parent Company Energy
Garanti Bank Investor Finance invests in Castleton Commodities Intl Client Mining
Garanti Bank Investor Finance invests in Cengiz Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Cetin and Alkumru HPP Client Energy
Garanti Bank Investor Finance invests in Ciftci Towers Client Construction
Garanti Bank Investor Finance invests in Ciftciler Group Parent Company Construction
Garanti Bank Investor Finance invests in Coban Yildizi Parent Company Energy
Garanti Bank Investor Finance invests in Cocoa Touton Processing Co Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in COFCO Corp Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in Dares Datca Wind Farm Extension (12MW) Client Energy
Garanti Bank Investor Finance invests in Demirer Enerji Parent Company Energy
Garanti Bank Investor Finance invests in Demirer Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in DF Energy Acquisition LLC Parent Company Mining
Garanti Bank Investor Finance invests in Dogrudan Elektrik Parent Company Energy
Garanti Bank Investor Finance invests in Dogus Cay ve Gida Maddeleri Parent Company Construction
Garanti Bank Investor Finance invests in Duferco SA Client Mining
Garanti Bank Investor Finance invests in E ON SE Parent Company Energy
Garanti Bank Investor Finance invests in ECOM Agroindustrial Corp Ltd Parent Company Agriculture and Forestry
Garanti Bank Investor Finance invests in Ege Kimya Parent Company Industry and Trade
Garanti Bank Investor Finance invests in Elawan Energy Parent Company Energy
Garanti Bank Investor Finance invests in Enercon Parent Company Energy
Garanti Bank Investor Finance invests in Enerjisa Parent Company Energy
Garanti Bank Investor Finance invests in Enerjisa Enerji Additional Facility 2019 (2) Client Energy
Garanti Bank Investor Finance invests in Enerjisa Enerji Uretim As Client Energy
Garanti Bank Investor Finance invests in Enerjisa Uretim Parent Company Energy
Garanti Bank Investor Finance invests in Enerjisa Uretim Refinancing 2020 Client Energy
Garanti Bank Investor Finance invests in Enerya Konya Natural Gas Dist. Client Mining
Garanti Bank Investor Finance invests in Eren Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Farringford N V Parent Company Mining
Garanti Bank Investor Finance invests in Farringford NV Parent Company Mining
Garanti Bank Investor Finance invests in Forum Marmara Shopping Mall Client Construction
Garanti Bank Investor Finance invests in Gebze Gas Fired IPP Client Energy
Garanti Bank Investor Finance invests in Global Yatirim Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Gunvor Group Ltd Parent Company Mining
Garanti Bank Investor Finance invests in Gunvor International BV Client Mining
Garanti Bank Investor Finance invests in HBIS Group Co Ltd Parent Company Mining
Garanti Bank Investor Finance invests in He Steel Group Co Ltd Parent Company Mining
Garanti Bank Investor Finance invests in HNS Energy Parent Company Energy
Garanti Bank Investor Finance invests in Hns Enerji Uretim A.S Client Construction
Garanti Bank Investor Finance invests in Istanbul Airport Parent Company Transport
Garanti Bank Investor Finance invests in Istanbul New Airport Additional Facility 2018 Client Transport
Garanti Bank Investor Finance invests in Istanbul Sabiha Gokcen Client Transport
Garanti Bank Investor Finance invests in Kalyon Group Parent Company Transport
Garanti Bank Investor Finance invests in Kangal Thermal Power Plant (450MW) Additional Facility Client Energy
Garanti Bank Investor Finance invests in Kazanci Holding Parent Company Energy
Garanti Bank Investor Finance invests in Kazanci Holding Coruh and Firat Electricity Distribution Client Energy
Garanti Bank Investor Finance invests in Kolin Insaat Turizm Sanayii Ve Ticaret Parent Company Energy
Garanti Bank Investor Finance invests in Konya Seker Parent Company Energy
Garanti Bank Investor Finance invests in Kugz Zmir Vin Kiralama Ve Parent Company Construction
Garanti Bank Investor Finance invests in Limak Parent Company Energy
Garanti Bank Investor Finance invests in Limak Insaat Sanayi ve Ticaret Parent Company Construction
Garanti Bank Investor Finance invests in Malaysia Airport Holdings Bhd Parent Company Transport
Garanti Bank Investor Finance invests in Maxon Ltd Parent Company Mining
Garanti Bank Investor Finance invests in MEDAS Client Energy
Garanti Bank Investor Finance invests in Medcem Madencilik Client Energy
Garanti Bank Investor Finance invests in Menzelet Kilavuzlu Elektrik Client Energy
Garanti Bank Investor Finance invests in Meram Elektrik Dagitim Parent Company Energy
Garanti Bank Investor Finance invests in Meram Elektrik Dagitim Additional Facility 2019 Client Energy
Garanti Bank Investor Finance invests in Mercuria Energy Group Ltd Parent Company Mining
Garanti Bank Investor Finance invests in Mercuria Energy Trading SA Client Mining
Garanti Bank Investor Finance invests in MET Holding AG Client Energy
Garanti Bank Investor Finance invests in MNG Mapa Parent Company Transport
Garanti Bank Investor Finance invests in MOL PLC Parent Company Mining
Garanti Bank Investor Finance invests in Naturelgaz Sanayi & Ticaret Client Mining
Garanti Bank Investor Finance invests in New Istanbul Airport Phase I Additional Facility 2019 Client Transport
Garanti Bank Investor Finance invests in Nidera BV Client Agriculture and Forestry
Garanti Bank Investor Finance invests in North Marmara Highway Parent Company Transport
Garanti Bank Investor Finance invests in OEDAS Parent Company Energy
Garanti Bank Investor Finance invests in Osmangazi Power Distribution Network Upgrade Client Energy
Garanti Bank Investor Finance invests in Puma Energy Parent Company Mining
Garanti Bank Investor Finance invests in Puma Energy Corporate Facility 2018 Client Mining
Garanti Bank Investor Finance invests in Saros Wind Farm (138MW) Client Energy
Garanti Bank Investor Finance invests in SOCAR Parent Company Mining
Garanti Bank Investor Finance invests in Socar Trading SA Client Mining
Garanti Bank Investor Finance invests in Socar Turkey Enerji AS Client Mining
Garanti Bank Investor Finance invests in Soganli Wepp Client Energy
Garanti Bank Investor Finance invests in Soma Enerji Elektrik Uretim Parent Company Energy
Garanti Bank Investor Finance invests in STFA Hizmet ve Isletmecilik AS Parent Company Mining
Garanti Bank Investor Finance invests in TAV Airports Holding Parent Company Transport
Garanti Bank Investor Finance invests in Torunlar Gida Sanayi ve Tic AS Parent Company Mining
Garanti Bank Investor Finance invests in Trafigura Parent Company Mining
Garanti Bank Investor Finance invests in Trafigura Additional Facility 2020 (1) Client Mining
Garanti Bank Investor Finance invests in Trafigura Additional Facility 2020 (2) Client Mining
Garanti Bank Investor Finance invests in Trafigura Pte Ltd Client Mining
Garanti Bank Investor Finance invests in TrailStone Parent Company Energy
Garanti Bank Investor Finance invests in TrailStone Refinancing Client Energy
Garanti Bank Investor Finance invests in Trakya Dokum Parent Company Construction
Garanti Bank Investor Finance invests in Traxys Europe SA Parent Company Mining
Garanti Bank Investor Finance invests in Turkiye Elektrik Dagitim AS Parent Company Energy
Garanti Bank Investor Finance invests in Uludag and Camlibel Distribution Regions Additional Facility 2018 Client Energy
Garanti Bank Investor Finance invests in Uludag Distribution Region Refinancing 2020 Client Energy
Garanti Bank Investor Finance invests in Uludag Elektrik Dagitim AS Client Energy
Garanti Bank Investor Finance invests in Unit Group Parent Company Energy
Garanti Bank Investor Finance invests in Unit Investments SA Parent Company Energy
Garanti Bank Investor Finance invests in VIP Turkey Enerji AS Client Mining
Garanti Bank Investor Finance invests in Vitol Holding BV Parent Company Mining
Garanti Bank Investor Finance invests in Vitol Invest Partnership Ltd Client Mining
Garanti Bank Investor Finance invests in Vitol SA Client Mining
Garanti Bank Investor Finance invests in WISD Holding Ltd Parent Company Energy
Garanti Bank Investor Finance invests in Yapi Merkezi Parent Company Transport
Garanti Bank Investor Finance invests in Zorlu Enerji Elektrik AS Client Energy
Garanti Bank Investor Finance invests in Zorlu Holding AS Parent Company Energy
Garanti Bank Investor Finance invests in Zorlu Ruzgar Enerjisi Elektrik Client Energy
Global Yatirim Holding AS Parent Company Energy owns Aydin Biomass Client Energy
Global Yatirim Holding AS Parent Company Mining owns Naturelgaz Sanayi & Ticaret Client Mining
Gunvor Group Ltd Parent Company Mining owns Gunvor International BV Client Mining
HBIS Group Co Ltd Parent Company Mining owns Duferco SA Client Mining
He Steel Group Co Ltd Parent Company Mining owns Duferco SA Client Mining
HNS Energy Parent Company Energy owns Akkus Wind Farm (10MW) Client Energy
Kalyon Group Parent Company Transport owns New Istanbul Airport Phase I Additional Facility 2019 Client Transport
Kazanci Holding Parent Company Energy owns Kazanci Holding Coruh and Firat Electricity Distribution Client Energy
Kolin Insaat Turizm Sanayii Ve Ticaret Parent Company Energy owns Bogazici-Akdeniz-Camlibel Electricity Distribution 1 Client Energy
Kolin Insaat Turizm Sanayii Ve Ticaret Parent Company Energy owns Bogazici-Akdeniz-Camlibel Electricity Distribution 2 Client Energy
Kolin Insaat Turizm Sanayii Ve Ticaret Parent Company Transport owns Istanbul New Airport Additional Facility 2018 Client Transport
Kolin Insaat Turizm Sanayii Ve Ticaret Parent Company Energy owns Uludag and Camlibel Distribution Regions Additional Facility 2018 Client Energy
Konya Seker Parent Company Energy owns Kangal Thermal Power Plant (450MW) Additional Facility Client Energy
Kugz Zmir Vin Kiralama Ve Parent Company Construction owns Hns Enerji Uretim A.S Client Construction
Limak Parent Company Transport owns Istanbul New Airport Additional Facility 2018 Client Transport
Limak Parent Company Transport owns New Istanbul Airport Phase I Additional Facility 2019 Client Transport
Limak Parent Company Energy owns Uludag and Camlibel Distribution Regions Additional Facility 2018 Client Energy
Limak Parent Company Energy owns Uludag Distribution Region Refinancing 2020 Client Energy
Limak Insaat Sanayi ve Ticaret Parent Company Energy owns Cetin and Alkumru HPP Client Energy
Malaysia Airport Holdings Bhd Parent Company Transport owns Istanbul Sabiha Gokcen Client Transport
Maxon Ltd Parent Company Mining owns ALRO SA Client Mining
Meram Elektrik Dagitim Parent Company Energy owns Meram Elektrik Dagitim Additional Facility 2019 Client Energy
Mercuria Energy Group Ltd Parent Company Mining owns Mercuria Energy Trading SA Client Mining
MNG Mapa Parent Company Transport owns Istanbul New Airport Additional Facility 2018 Client Transport
MNG Mapa Parent Company Transport owns New Istanbul Airport Phase I Additional Facility 2019 Client Transport
OEDAS Parent Company Energy owns Osmangazi Power Distribution Network Upgrade Client Energy
Puma Energy Parent Company Mining owns Puma Energy Corporate Facility 2018 Client Mining
SOCAR Parent Company Mining owns Socar Trading SA Client Mining
SOCAR Parent Company Mining owns Socar Turkey Enerji AS Client Mining
STFA Hizmet ve Isletmecilik AS Parent Company Mining owns Enerya Konya Natural Gas Dist. Client Mining
TAV Airports Holding Parent Company Transport owns Ankara Esenboga Airport Refinancing Client Transport
Torunlar Gida Sanayi ve Tic AS Parent Company Mining owns Baskent Dogalgaz Dagitim AS Client Mining
Trafigura Parent Company Mining owns Trafigura Additional Facility 2020 (1) Client Mining
Trafigura Parent Company Mining owns Trafigura Additional Facility 2020 (2) Client Mining
TrailStone Parent Company Energy owns TrailStone Refinancing Client Energy
Turkiye Elektrik Dagitim AS Parent Company Energy owns Camlibel Elektrik Dagitim AS Client Energy
Turkiye Elektrik Dagitim AS Parent Company Energy owns Uludag Elektrik Dagitim AS Client Energy
Unit Group Parent Company Energy owns Gebze Gas Fired IPP Client Energy
Unit Investments SA Parent Company Energy owns Bagistas II HPP Client Energy
Vitol Holding BV Parent Company Mining owns VIP Turkey Enerji AS Client Mining
Vitol Holding BV Parent Company Mining owns Vitol Invest Partnership Ltd Client Mining
Vitol Holding BV Parent Company Mining owns Vitol SA Client Mining
WISD Holding Ltd Parent Company Energy owns MET Holding AG Client Energy
Yapi Merkezi Parent Company Transport owns Canakkale Otoyol Client Transport
Zorlu Holding AS Parent Company Energy owns Zorlu Enerji Elektrik AS Client Energy
Zorlu Holding AS Parent Company Energy owns Zorlu Ruzgar Enerjisi Elektrik Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Contact: Carmen Giosanu
Customer Service and Billing Department Manager, Garanti Leasing
Telephone No.: +40 (21) 387 87 00
Email Address: Carmen.Giosanu@garanti.ro
Office Address: 5 Fabrica de Glucoza Street - Novo Parc 3, Building F - 020331 Bucharest
Website: http://www.garanti.ro/

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works