AK LEASE
Who is our client
Ak Finansal Kiralama A.Ş. (“Aklease”), the leasing subsidiary of Akbank T.A.S., one of the largest private banks in Turkey. Aklease provides financial support to investors varying from corporate segment to SMEs. Along with financing machinery and equipment as the main investment item in Turkey, Aklease is able to offer leasing opportunity to its customers in renewable energy and sizable infrastructure investments.
Funding objective
The proceeds of the syndicated loan will be used to support renewable energy & energy efficiency projects, Small and Medium-Sized companies (SME’s) and international trade finance projects.
Why we fund this project
FMO arranged a syndicated loan agreement for Aklease, bringing a strong group of investors to Aklease. It will enable Aklease to continue its growth in renewable energy projects and helps support job creation in the country through SME's.
Environmental and social rationale
With this transaction FMO catalyzed USD 49 mln for onlending to renewable energy & energy efficiency projects. The funds will mainly be used for solar and wind energy projects.
More investments
| Date | Total FMO financing |
|---|---|
| 12/4/2020 | USD 25.00 MLN |
| 12/19/2017 | USD 10.00 MLN |
- Website client
- https://www.aklease.com/en/default.aspx
- Region
- Europe & Central Asia
- Country
- Turkey
- Sector
- Financial Institutions
- Signing date
- 12/19/2017
- Total FMO financing
- EUR 32.50 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