📋 Tender Overview
Project Number
49716
Company Name
QNB Bank AS
Date SPI Disclosed
Jul 22, 2025
Country
Turkiye
Region
Central Asia and Turkiye
Projected Board Date
Aug 21, 2025
Environmental Category
FI-3 - No Impact
Status
Pending Signing
Last Updated Date
Department
CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The Project is an unfunded trade finance facility to QNB (‘QNB’ or the ‘Bank’) in an aggregate amount of approximately US$200 million under IFC’s Global Trade Finance Program (GTFP) in the form of a trade line pursuant to which IFC would guarantee letters of credit and other trade instruments issued by the Bank to support the Bank’s trade program. The project is to support short and medium term trade finance activities of Turkish exporters and importers. The GTFP proposed investment will offer Confirming Banks partial or full guarantees covering payment risk of the Bank in the Republic of Türkiye for their trade-related transactions.
