Project detail - QNB FINANS FINANSAL KIRALAMA A.S.

QNB FINANS FINANSAL KIRALAMA A.S.

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Who is our client

Our client is Finans Leasing, a subsidiary of QNB Finans Bank.

Funding objective

Renewable Energy/Energy Efficiency (100% green line)

Why we fund this project

We support a professional player in the Turkish leasing sector, which we provide long-term funding in local currency (TRY) with a sizable and fast growing portfolio of renewable energy/energy efficiency projects.

Environmental and social rationale

The client has been categorized as Category B in accordance with FMO’s Sustainability Policy. The client is a leasing company and it’s activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of the transaction, Finans Leasing will be required to apply the EDFI Exclusion List and Turkish E&S laws and regulations.

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Date Total FMO financing
6/1/2018 TRY 159.60 MLN
Website client
http://www.finansleasing.com.tr
Region
Europe & Central Asia
Country
Turkey
Sector
Financial Institutions
Signing date
4/6/2017
Total FMO financing
USD 35.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B