Multilateral Funds

Funds Provided From Development Finance Banks and Institutions

Agence Française de Développement (AFD) Sustainable Tourism and Innovative Renewable Energy Loan

Scope: Providing finance to sustainable tourism investments at certain tourism regions located in Turkey and innovative renewable energy investments within Turkey.

Criteria:Minimum AFD contribution should be 25% of the eligible sub-loan amount based on 80% - 20% Debt to Equity breakdown of the project, where the maximum loan allocation amount per project is EUR 10 million.

Tenor: Tenor will be determined according to the project that will be financed; but should have a minimum term of 4 years for sustainable tourism renovation projects and minimum term of 5 years for both sustainable tourism new construction and innovative renewable energy projects.

Agence Française de Développement (AFD) Women’s Employment and Occupational Health and Safety Loan

Scope: Providing finance to the investments of companies, which support gender equality and the employment of women in the work place, as well as the occupational health and safety investments of the companies within Turkey.

Criteria: The maximum loan allocation amount per project is EUR 8 million.

Tenor: Tenor will be determined according to the project that will be financed; but should have a minimum term of 4 years.

Council of Europe Development (CEB) SME Loan V

Scope: Providing finance to productive SME fixed asset investments in a wide range of sectors such as manufacturing/machinery, construction, agro industry, tourism, trade and logistics.

Criteria: Maximum 50% of the total cost of the project shall be financed. Loan allocation per amount per project cannot exceed EUR 1 million while the investment cost cannot exceed EUR 3 million.

Tenor: Average lease tenor as close as possible to the maturity of the corresponding Sub-Loan Tranche.

European Bank for Reconstruction and Development (EBRD) Resource Efficiency Loan

Scope: Providing finance to resource efficiency projects of the privately owned companies operating in Turkey, including water and raw material efficiency, waste minimization, recycling and energy efficiency projects.

Criteria: Loan allocation amount per project cannot exceed EUR 10 million.

Tenor: Tenor will be determined according to the project that will be financed.

European Investment Bank (EIB) Loan III for SMEs & Mid-Caps & Innovation / A and B Tranches

Scope: Financing investment projects in Turkey carried out by small and medium-sized enterprises and providing working capital loans. Minimum 50% of the loans will be allocated to SME beneficiaries. These loan are provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: The investment cost for SMEs may not exceed EUR 25 million and the investment cost for projects of Mid-Caps may not exceed EUR 50 million. Maximum loan amount for SMEs is EUR 5 million and EUR 12.5 million for Mid-Caps.

Tenor: Tenor will be determined according to the project that will be financed but should have a minimum term of 4 years for investment loans.

European Investment Bank (EIB) Energy and Environment Loan A and B Tranches

Scope: Providing financing for small to medium sized investments in the fields of renewable energy, energy efficiency and projects that substantially increase the environmental performance of industrial processes in Turkey. This loan is provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: The amount of financing should not exceed 50% of the total investment amount.

Tenor: Tenor will be determined according to the project that will be financed, minimum tenor being 4 years

European Investment Fund (EIF) - Innovfin SME Guarantee Facility

Scope: To ease access to finance for innovative and privately-owned SMEs and small Mid-caps in Turkey, a 50% EIF guarantee is being extended (per subloan) under the InnovFin SME Guarantee Facility, to a Loan Portfolio of eligible subloans that is financed by TSKB. The aggregate volume of the Portfolio of such sub-loan will be up to 20 million Euros.

Criteria: Subloans that are in the amount of up to 5 milyon Euros and which meet the eligibility criteria of Innovfin facility may be included in the Portfolio to benefit from a 50% EIF guarantee.

Tenor: The subloans that may be included in the portfolio must bear a minimum maturity of 1 year and the maximum tenor may be up to 10 years.

World Bank (IBRD) Innovative Access to Finance Project

Scope: Intermediating financing through participation banks and factoring companies to SMEs and export oriented enterprises operating in the private sector in Turkey. This loan is provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: TSKB acts as an intermediary bank between IBRD and the participating financial intermediaries; namely participation banks and factoring companies.

Tenor: Tenor will be determined according to the project that will be financed.

World Bank (IBRD) Geothermal Development Project

Scope: Financing geothermal energy projects investments implemented by private sector enterprises in Turkey. This loan is provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: The amount of financing should not exceed 85% of the total cost of the Project.

Tenor: Tenor will be determined according to the project that will be financed, minimum tenor being 8 years.

International Finance Corporation (IFC) Pollution Abatement Loan

Scope: Providing financing to the industrial pollution abatement and resource efficiency sub-projects in Turkey.

Criteria: The loan amount per eligible project will be determined according to the project itself.

Tenor: Tenor will be determined according to the project that will be financed.

Japan Bank for International Cooperation (JBIC) GREEN Untied Loan to TSKB

Scope: Providing financing for the investment projects in the fields of renewable energy and energy efficiency which seek to reduce GHG emissions within Turkey. This loan is provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: The loan amount per eligible project will be determined according to the project itself.

Tenor: Tenor will be determined according to the project that will be financed.

KfW Development Bank (KfW) Credit Line for Renewable Energy and Energy Efficiency

Scope: Providing sub-loans to the renewable energy and energy efficiency investments carried out by the Turkish private sector. This loan is provided with the guarantee of the Republic of Turkey Prime Ministry Undersecretariat of Treasury.

Criteria: Maximum 80% of the total cost of the project shall be financed. The maximum loan amount per project is USD 15 million.

Tenor: Tenor will be determined according to the project that will be financed.

KfW Development Bank (KfW) Credit Line for Resource Efficiency in the Industry

Scope: Providing finance to the resource and energy efficiency investments carried out by the Turkish private sector. Projects with a positive impact on climate change may also be considered as eligible.

Criteria: Maximum 80% of the total cost of the project shall be financed. The maximum loan allocation amount per project is EUR 15 million

Tenor: Tenor will be determined according to the project that will be financed.

KfW Development Bank (KfW) Credit Line For Resource Efficiency and Environmental Measures in the Industry

Scope: Providing sub-loans to the resource efficiency and environmental measures projects implemented by the private sector in Turkey. Projects with a positive impact on climate change may also be considered as eligible.

Criteria: Maximum 80% of the total cost of the project shall be financed. The maximum loan amount per project is EUR 15 million.

Tenor: Tenor will be determined according to the project that will be financed.

KfW Development Bank (KfW) Credit Line for Combat Against Climate Change

Scope: Providing sub-loans for the renewable energy, energy and resource efficiency and environmental measures projects implemented by the private sector in Turkey. Projects with a positive impact on climate change may also be considered as eligible.

Criteria: Maximum 80% of the total cost of the project shall be financed. The maximum loan amount per project is EUR 15 million.

Tenor: Tenor will be determined according to the project that will be financed.

Funding Base by Sources

Outstanding Long Term Funds Provided From DFIs

As of Q2 2017 – BRSA Bank Only Results

World Bank (IBRD) Total Amount (mn) US$2,509
Explanation Amount (mn) Signing Date
Renewable Energy Protect Loan US$ 151 05.05.2004
Export Finance Intermediary Loan (EFIL II) US$ 303 20.02.2004
Export Finance Intermediary Loan (EFIL III) 2005 US$ 201, EUR 80 09.11.2005
SME Loan US$ 48, EUR 60 22.06.2007
Export Finance Intermediary Loan (EFIL IV) 2008 US$ 197,4 EUR 65 28.05.2008
Private Sector Renewable Energy and
Efficiency Project
US$ 210, EUR 110 09.06.2009
Clean Technology Fund Loan US$ 70 09.06.2009
Additional Loan For The Fourth Export Finance
Intermediation Loan (EFIL IV Additional Finance)
US$ 180, EUR 87,8 05.04.2011
Additonal Loan for Private Sector Renewable Energy
and Energy Efficiency Project
US$ 100, EUR 69,3 05.12.2011
Innovative Access
to Finance Project
US$ 190, EUR 44,1 22.08.2014
Geothermal Development Project US $ 150 30.11.2016

European Investment Bank (EIB) Total Amount (mn) US$ 2,007

Amount (mn) Signing Date
Industrial Sector Global IV Loan EUR 69 04.03.2004
Small Business APEX Global Loan EUR 150 02.12.2004
Industrial Sector Global V Loan EUR 107 29.11.2005
SME Development Global Loan EUR 100 19.07.2007
Environment & Energy Framework Loan EUR 150 08.05.2008
SME Development Loan EUR 165 08.06.2009
Environment & Energy Framework Loan II EUR 150 10.12.2009
TSKB Loan for Mid-Caps and SMEs / A EUR 75 04.07.2011
TSKB Loan for Mid-Caps and SMEs / B EUR 75 28.06.2012
Environment & Energy Framework Loan II EUR 150 10.12.2009
Sustainable Tourism& EE Global Loan EUR 100 24.04.2013
TSKB Loan II for SMEs Mid-Caps & Other Priorities EUR 150 04.12.2013
TSKB Energy & Environment Loan EUR 100 24.11.2014
TSKB Loan III for SMEs and Midcaps and Innovation / A EUR 100 26.05.2015
TSKB Loan III for SMEs and Midcaps and Innovation / B UR 100 04.02.2016
TSKB Energy & Environment Loan / B EUR 100 28.10.2016

Council of Europe Development Bank (CEB) Total Amount (mn) US$ 584.56

Amount (mn) Signing Date
CEB I EUR 65 07.04.2004
CEB II EUR 100 10.07.2006
CEB III EUR 100 10.07.2006
CEB IV KOBİ Kredisi EUR 100 03.06.2013
CEB V KOBİ Kredisi EUR 100 20.12.2016

International Finance Corporation (IFC) Total Amount (mn) US$ 275

Amount (mn) Signing Date
Subordinated Loan US$ 50 21.09.2004
IFC REL Loan US$ 75 27.03.2012
IFC Pollution Abatement US$ 75 31.05.2013
IFC Climate Smart US$ 75 21.09.2015

Kreditanstalt für Wiedaraufbau (KFW) Total Amount (mn) US$ 645

Amount (mn) Signing Date
Climate Protection Programme in Turkey US$ 41 15.09.2008
Supplemental Loan Agreement - Small Hydro
And Wind Power Plants
US$ 34 30.12.2008
Municipal Infrastructure Programme VI EUR 36,8 28.12.2010
Climate Protection Programme in Turkey EUR 55 28.12.2010
Renewable Energy, Energy Efficiency Loan US$ 125 04.12.2012
Credit Line for Resource Efficiency in the Industry EUR 100 20.11.2013
Credit Line for Resource Efficiency and
Environmental Measures in the Industry
EUR 150 31.10.2014
Credit Line for Combat Against Climate Change EUR 150 03.06.2016

Agence Française de Developpement (AFD) Total Amount (mn) US$ 382.19

Amount (mn) Signing Date
AFD I EUR 50 12.01.2005
AFD II EUR 50 16.11.2006
AFD III EUR 50 06.10.2009
AFD Sustainable Tourism and
Innovative Renewable Energy
EUR 60 02.10.2014
AFD V Women Employment and
Occupational Health&Safety
EUR 100 07.12.2016

Islamic Development Bank (IDB) Total Amount (mn) US$ 320

Amount (mn) Signing Date
Restricted Mudaraba US$ 100 04.12/2012
Restricted Mudaraba II US$ 220 30.12.2013

European Bank for Reconstruction and Development (EBRD) Total Amount (mn) US$ 131.3

Amount (mn) Signing Date
TurAFF EUR 50 17.11.2011
Resource Efficiency EUR 50 21.10.2014

Development Bank of Austria (OeEB) Total Amount (mn) US$ 24.5

Amount (mn) Signing Date
Renewable Energy and Energy Efficiency EUR 20 23.12.2014

Japan Bank for International Cooperation (JBIC) Total Amount (mn) US$ 150

Amount (mn) Signing Date
GREEN Untied Loan to TSKB US$ 150 27.03.2015

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