news - FMO arranges EUR 130 million syndicated facility for QNB Leasing to support green financing & MSME financial inclusion

FMO, the Dutch entrepreneurial development bank, is pleased to announce a EUR 130 million syndicated A/B term loan facility to QNB FİNANSAL KİRALAMA A.Ş. (QNB Leasing), one of Türkiye’s leading financial leasing companies.

This important investment will deepen FMO's relationship with QNB Leasing, an established and well-performing non-bank financial institution (NBFI) in Türkiye, which has been a valued client since 2017.

The syndicated loan facility, led by FMO, is one of the largest syndications for an NBFI in Türkiye and includes participation from Cassa Depositi e Prestiti (CDP), the Italian Development Bank, as a parallel lender, and a diverse group of B-loan participants such as Responsibility managed financial inclusion funds, Global Climate Partnership Fund, BlueOrchard Microfinance Fund, and Atlantic Forfaiting. This partnership also introduces QNB Leasing to a new and diverse range of lenders, all committed to supporting the company's sustainability and financial inclusion strategy.

Through this facility, QNB Leasing and the syndicate members are committed to supporting green financing and fostering a more inclusive and sustainable economy. With 36% of the proceeds targeted towards financing renewable energy and energy efficiency projects, and the remainder earmarked for supporting micro and SME clients focusing on women, youth, rural, and agricultural SMEs, this investment aligns with FMO's mission to drive impactful change.

Osman Taş, CEO of QNB Leasing, commented: “We are committed to a financing model that prioritizes sustainable development and inclusive access to finance. This syndicated facility is a reflection of the strong trust placed in us by international partners and reinforces our ability to fund projects that create both economic and environmental value. From supporting renewable energy and energy efficiency initiatives to expanding access for women, youth, and small businesses across Türkiye, we aim to build long-term impact. We believe that the transition to a more sustainable future requires collaborative effort, and we are proud to contribute to this transformation with lasting, responsible financial solutions.”

Ruhi Cosgun, Regional Manager of FI ECA MENA at FMO, commented: “We are delighted to continue supporting QNB Leasing and introduce them to a broader lender base. Our long-standing relationship with QNB Leasing has been instrumental in advancing sustainable finance in Türkiye, and this syndicated loan facility marks a significant milestone in our collaboration.” Despite the current geopolitical challenges, FMO and its partners remain steadfast in their commitment to supporting QNB Leasing in advancing sustainable energy infrastructure and promoting financial inclusion across the region.

Cristina Morelli, Head of Sovereign, Corporates and Financial Institutions Financing for International Development Cooperation at CDP, commented: “This financial operation reflects our strong commitment to promoting financial inclusion through innovative instruments like leasing, which play a key role in broadening access to finance for SMEs. We are particularly proud to support investments in energy efficiency, a strategic sector for Türkiye’s sustainable economic growth."

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About QNB Leasing

QNB FİNANSAL KİRALAMA A.Ş. (QNB Leasing) is a subsidiary of QNB Bank, a member of Qatar National Bank S.A.Q (QNB Group). Established in 1990 as Turkey's fifth leasing company, QNB Leasing has grown to become a leading player in the Turkish leasing market, with a strong focus on sustainable finance and small and medium-sized enterprises (SMEs). The company offers tailored leasing solutions across various industries, specializing in assets such as wind turbines, solar power plants, machinery, automobiles, medical equipment, agricultural equipment, and printing equipment. As the sole leasing subsidiary of QNB BANK A.Ş., Türkiye (QNB T), QNB Leasing benefits from deep operational and financial integration within the group, leveraging QNB T’s extensive branch network across Türkiye.

About CDP:

Cassa Depositi e Prestiti is the Italian Development Bank which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets.