Rant Leasing

completed

Summary Of Project Information (SPI)Project NameTurkey-Rant Finansal Kiralama A.S. (Rant Leasing)RegionEuropeSectorProject No007813Projected Board DateFebruary 10, 1997Company NameRant Finansal Kiralama A.S.Technical Partner and/or Major Shareholders GSD Foreign Trade CompanyProject Cost Including proposed IFC investment US$5 million, all for the account of IFC.Location of project and Description of site Istanbul, TurkeyDescription of Company and Purpose of Project Rant Leasing is a medium-sized, non-bank owned leasing company, whose niche is the small and medium enterprise (SME) sector in which it has a competitive advantage since its majority shareholder, GSD, represents hundreds of small manufacturers in their export transactions. The project is an integral part of the Turkey Lease Finance Program, under which IFC has provided medium-term financing to several leasing companies, either directly, or indirectly through parent banks. It continues IFC’s efforts to support both the Turkish leasing industry, through funding and institutional development, and the SME sector. Environmental Category and Issues This is a category FI project according to IFC’s environmental review procedure. For relevant operations, Rant Leasing will be required to implement an environmental risk management system.Date SPI sent to PIC January 9, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365