Sekerbank T.A.S.
Status: Approved investmentWhy disclosure?
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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?
Şekerbank is the contracting party. Şekerbank is a leading rural and agricultural bank in Turkey, despite its limited market share (less than 1% of sector assets, loans, and deposits). Sustainability is a foundational commitment for the Bank, since it was founded 70 years ago as a social and environmental bank, serving a unique niche among Türkiye’s private-capital deposit banks: SMEs and agricultural banking. The Bank promotes financial inclusion for the underserved areas in the country (72% of branches are located outside major metropolis).
What is our funding objective?
Sekerbank desires to strengthen its existing ESMS, which consists of the development and implementation of an Environmental and Social (E&S) risk framework that will be integrated into the overall business risk appraisal and lending decisions of the bank. It will also align with international best practices for E&S risk and opportunity management. The ESMS strengthening entails upgrading the existing ESMS, including policies, procedures, tools, templates, etc.
Why do we fund this investment?
A key element of FMO’s strategy for 2030 is being a change agent on Environmental, Social, and Governance (ESG) topics. Through active support to our customers on ESG, especially on strengthening their capacity, together to deliver responsible impact in the societies and the local communities where they operate
More investments
| Date | Total FMO financing |
|---|---|
| 11/5/2024 | EUR 30.00 MLN |
| 12/13/2021 | EUR 15.00 MLN |
| 12/29/2020 | TRY 192.00 MLN |
| 12/29/2020 | EUR 20.00 MLN |
| 12/29/2020 | EUR 16.50 MLN |
- Website customer/investment
- http://www.sekerbank.com.tr
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Financial Institutions
- Publication date
- 12/30/2024
- Effective date
- 12/2/2024
- Total FMO financing
- EUR 0.01 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) - A