TUR-ER DENIZ

completed

The proposed financing package (the Project) to DenizBank A.S (“DenizBank” or the “Bank”) consists of (i) IFC A Loans of up to US$70 million on own account (including US$20 million credit insurance); and (ii) B1 Loans of up to EUR10 million, and (iii) parallel loans of up to EUR35 million.The proposed investment is a part of IFC’s wider earthquake response project (FIG TUR-ER, Project #48230) which entails up to US$600 million financing to five Turkish banks. The tenor of the loan is 367 days renewable twice at each maturity date upon mutual agreement of IFC and the Bank for a period of 37-months. The investment will support the Bank’s lending program to retail borrowers, and provide short-term working capital loans to micro enterprises including agribusiness farmers and whose main business or activity is primary agricultural production and/or agricultural product processing facility (which for the avoidance of doubt excludes food and beverage processing) sector in the Earthquake-impacted Region.