📋 Tender Overview
Project Number
49283
Company Name
QNB FINANSAL KIRALAMA ANONIM SIRKETI
Date SPI Disclosed
Nov 11, 2024
Country
Turkiye
Region
Central Asia and Turkiye
Projected Board Date
Dec 11, 2024
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG MCT
Industry
Financial Institutions
Sector
Leasing Services
Project Description
QNB Finansal Kiralama A.S. ( QNB Leasing ) is the second largest leasing company in Türkiye by leasing receivables with a market share of 11.6% and QNB Leasing has also a significant market share of 9.6% in terms of total assets as of June 30, 2024. QNB Leasing’s main shareholder QNB Bank A.S. and its subsidiaries were acquired by Qatar National Bank S.A.Q (QNB Group) in June 2016. QNB Leasing focuses on the investment demands of MSMEs, has a wide service network with 14 branches, and has demonstrated its commitment to sustainability with 13% of its leasing portfolio in sustainable projects. QNB Leasing has a comprehensive plan to significantly increase the share of sustainable projects in its portfolio in the next 5 years.
The IFC investment is an up to US$100 million senior unsecured up to 5-year amortizing loan to QNB Leasing, which may be provided directly by IFC and/or indirectly through additional funding of up to US$60 million from international private investors. QNB Leasing will use the proceeds of IFC’s investment to support sustainable energy financing (SEF) and blue finance for small, and medium enterprises (SMEs) in Türkiye.
