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IS Leasing

Türkiye | Financial Institutions

Identification Code:: OP/13/0039
Total Operation Cost:: — EUR
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

30.000.000 EUR – 08 Oct 2013
: BSTDB Signed Amount – Signed Date

30.000.000 EUR – 06 Dec 2013
: Status:
Completed
Description and Purpose of the Operation:: The Facility will allow Is Leasing to meet its medium-term funding needs and diversify its funding sources. The proceeds of the Facility shall be used by the Borrower exclusively for the purpose of financing new and re-financing of existing lease transactions with beneficiaries satisfying the lease transaction eligibility criteria.
Countries of Operation:: Türkiye (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Is Finansal Kiralama A.S.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The operation is expected to have favorable albeit modest economic benefits for the Turkish economy, the most relevant being the tax revenue gains from economic activity, increase in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is similarly expected to be modest. Other BSTDB countries are important trade partners for Turkey so to the extent SMEs benefiting from financing from the operation engage in export activities with other BSEC countries, there will be regional cooperation benefits.
Environmental Classification and Impact:: Is Leasing will be required to continue to adhere to the established internal rules and procedures for environmental and social risk assessment; remain compliant with national environmental legislation in effect; observe the BSTDB Negative List of Products and Services.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org