Inclusive Access to Finance (WB-P163225)

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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
May 22, 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
TURKIYE SINAI KALKINMA BANKASI A.S. (TSKB)
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 3, 2018

Disclosed by Bank Mar 6, 2018


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Project Description

According to World Bank documents, this project provides financing to Turkiye Sinai Kalkinma Bankasi A.S. to improve access to longer-term finance for women-inclusive enterprises and enterprises in less developed sub-regions. Components include direct lending to eligible small and medium-sized enterprises (SMEs), and channeling funds through other participating financial institutions for further on-lending to eligible SMEs. 

Investment Description
  • World Bank (WB)
Private Actors
Contact Information

World Bank
Alper Ahmet Oguz
Senior Financial Sector Specialist

Alexander Pankov
Lead Financial Sector

Specialist Borrower/Client/Recipient & Implementing Agencies
Turkiye Sinai Kalkinma Bankasi A.S.(TSKB)
Cigdem Icel
Executive Vice President
icelc@tskb.com.tr

Coskun Kanberoglu
Department Head
kanberoglu@tskb.com.tr 

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.