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Bankpositf, SME

Türkiye | Financial Institutions

Identification Code:: OP/12/0036
Total Operation Cost:: — EUR
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 EUR – 23 Jun 2012
: BSTDB Signed Amount – Signed Date

20.000.000 EUR – 27 Sep 2012
: Status:
Completed
Description and Purpose of the Operation:: The EUR 20 million medium-term SME Facility (SMEF) to support BankPozitif's activities in financing eligible SMEs in Turkey. BSTDB will contribute to the increase of the SME sector development in the country, thus contribute to the job creation, income generation and increased trade turnover between BSEC countries.
Countries of Operation:: Türkiye (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Bankpozitif Kredi ve Kalk?nma Bankas A.S.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The Project is expected to have favorable economic benefits for the Turkish economy from increased economic activity. Furthermore, it will contribute to an increase in employment, export capacity and competitiveness, and multiplier effects for other parts of the economy. Other BSTDB countries are important trade partners for Turkey so to the extent that SMEs are benefiting from the financing of the operation, they will contribute to the regional cooperation.
Environmental Classification and Impact:: The Borrower will remain compliant at all times with local and BSTDB EHS requirements, including the Negative List. Also the Borrower will undertake environmental assessment of its sub-loans with high and medium risk and ensure their monitoring, and submit annual EHS performance reports to BSTDB.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org