📋 Tender Overview
Location: Türkiye
Project number: 55165
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 25,000,000.00
Total Project Cost: EUR 25,000,000.00
Project Description
A senior unsecured loan of up to EUR 25 million equivalent (available in EUR or TRY) with up to 3-years maturity structure for QNB Finans Leasing, for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156- ADD (12)).
Project Objectives
QNB Finans Leasing will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. Funds may also be on-lent to vendors and producers of eligible technologies covered by the Green Technology Selector for Turkiye. In addition, QNB Finans Leasing may finance eligible sub-borrowers that are certified according to recognized sustainability certification systems.
Transition Impact
ETI score: 70
70 - Transition impact is expected to derive from the Green quality under GEFF II Türkiye.
Green: The Framework and the proposed transaction will promote the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye.
