Project detail - AK LEASE

AK LEASE

Back to map

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