AK LEASE
Status: Approved investmentWhy disclosure?
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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
AK Lease is the 5th leasing company in Turkey in terms of market share, and it is a subsidiary of AK Bank, the 7th largest bank in the country.
What is our funding objective?
AK Lease needs additional funding to support its growth in the Renewable Energy and Energy Efficiency sector. With this facility fully earmarked towards Renewable Energy and Energy Efficiency, FMO will contribute to further develop AK Lease's green portfolio.
Why do we fund this investment?
AK Lease needs long-term financing to support its Renewable Energy and Energy Efficiency strategy.
What is the Environmental and Social categorization rationale?
The project has been categorised as Category B in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of the Project, AK Lease will be required to apply the EDFI Exclusion List and Turkey E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 10/24/2022 | EUR 25.00 MLN |
| 12/19/2017 | USD 10.00 MLN |
| 12/19/2017 | EUR 32.50 MLN |
- Website customer/investment
- https://www.aklease.com/en/default.aspx
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Financial Institutions
- Publication date
- 9/23/2020
- Effective date
- 12/4/2020
- Total FMO financing
- USD 25.00 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