QNB Finansal Kiralama A.S.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
QNB FİNANSAL KİRALAMA A.Ş. (QNB Leasing) is a subsidiary of QNB Bank Türkiye, 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.
What is our funding objective?
FMO acted as lead arranger, agent, and lender for a EUR 130 million syndicated A/B term loan facility with a 5-year tenor, of which FMO provided EUR 50 million. The syndicated loan facility, led by FMO, included participation from CDP, Italy’s development finance institution, as a parallel A-lender, and a diverse group of B-lender participants, such as ResponsAbility-managed financial inclusion funds, the 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.
Why do we fund this investment?
The facility is structured to support QNB Leasing’s sustainability and financial inclusion strategy, with 40% of proceeds earmarked for renewable energy and energy efficiency projects. The remainder (60%) will support micro and SME clients, with a focus on women, youth, rural, and Agri-SMEs. This investment underscores FMO's commitment to fostering sustainable development and economic empowerment in Türkiye.
What is the Environmental and Social categorization rationale?
The client has been categorized as E&S Category B following FMO’s Sustainability Policy. The client is a leasing company and its activities are deemed to potentially have limited adverse environmental and social (E&S) risks and/or impacts. As part of the transaction, QNB Leasing will be required to apply the EDFI Exclusion List and Turkish E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 8/27/2021 | EUR 48.50 MLN |
| 6/16/2021 | TRY 159.60 MLN |
| 4/29/2022 | USD 35.00 MLN |
- Website customer/investment
- https://www.qnbleasing.com.tr/corporate/who-we-are/
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Financial Institutions
- Publication date
- 8/13/2025
- Effective date
- 6/30/2025
- Total FMO financing
- EUR 50.00 MLN
- Funding
- FMO NV
-
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