π Tender Overview
Project Number
49743
Company Name
DENIZ FINANCIAL LEASING JOINT STOCK COMPANY
Date SPI Disclosed
Jan 22, 2025
Country
Turkey
Region
Central Asia and Turkiye
Projected Board Date
Feb 21, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG MCT
Industry
Financial Institutions
Sector
Leasing Services
Project Description
The proposed senior loan of up to US$75 million to Deniz Finansal Kiralama A.S. (Deniz Leasing or the Company) aims to support the Company's strategic decision to: (i) increase its footprint in climate leasing operations (including blue leases), including leases to small and medium enterprises (SMEs) and corporate clients and (ii) support women-owned and women-led SMEs (WSMEs).
The Company provides financial leases and operational leases for vehicles fleets to companies, with a market share of 11.4% in terms of leasing assets.