QNB FINANS FINANSAL KIRALAMA A.S.
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Our client is Finans Leasing, a subsidiary of QNB Finans Bank.
What is our funding objective?
Renewable Energy/Energy Efficiency (100% green line)
Why do we fund this investment?
We support a professional player in the Turkish leasing sector, which we provide long-term funding in local currency (TRY) with a sizable and fast growing portfolio of renewable energy/energy efficiency projects.
What is the Environmental and Social categorization rationale?
The client has been categorized as Category B in accordance with FMO’s Sustainability Policy. The client is a leasing company and it’s activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of the transaction, Finans Leasing will be required to apply the EDFI Exclusion List and Turkish E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 8/27/2021 | EUR 48.50 MLN |
| 6/16/2021 | TRY 159.60 MLN |
- Website customer/investment
- https://www.qnbfl.com/
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Financial Institutions
- Effective date
- 4/6/2017
- End date
- 4/29/2022
- Total FMO financing
- USD 35.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B