devinitorg/iati-policy-markers huggingface dataset:
Turkiye Garanti Bankasi A.S. (Garanti Bank) Summary Of Project Information (SPI)       Project Name    Turkey-Garanti Bank Securitized Financing              Region    Europe        Sector       Project No007029   Projected Board DateMay 31, 1997   Company NameTurkiye Garanti Bankasi A.S.   Technical Partner and/or Major Shareholders    	Garanti Bank is majority owned by the Dogus Group, a diversified Turkish conglomerate with significant interests in the financial sector. The Group is also active in construction, manufacturing, food processing, tourism and media.    Project Cost Including proposed IFC investment    	US$119 million, including an IFC A Loan of up to US$15 million, an IFC B Loan of US$100 million (of which up to US$10 million may be for IFCs own account) and an interest rate swap with loan equivalent exposure of up to US$4 million for IFCs account.    Location of project and Description of site    	The project involves the provision of medium-term funding to Garanti Bank for on-lending to private sector companies located throughout Turkey.  Garanti Bank is headquartered in Istanbul.    Description of Company and Purpose of Project    	The project involves the structuring of a financing package which will enable IFC to introduce a new mechanism for the provision of medium term funding to Turkish enterprises.  The mechansim involves the securitization of the IFC B Loan in order to tap a new investor base--US institutional investors such as insurance companies and pension funds.  IFC has previously used this structure for a limited number of clients in Latin America.  Garanti Bank, one of Turkeys larger private sector banks, is particularly well-suited for this transaction due to its excellent reputation both within Turkey and abroad.  The Bank will on-lend the proceeds of the IFC financing package to Turkish private sector companies for their modernization and expansion purposes and for pre-export finance.    Environmental Category and Issues    	This is a category FI project according to IFCs environmental review procedure.  For relevant operations, Garanti Bank will be required to undertake an environmental review of eligible borrowers environmental performance and each sub-projects compliance with the Government of Turkeys environmental health and safety laws, regulations and standards as well as applicable World Bank policies and guidelines.  In addition, IFC will assess Garanti Banks capability to carry out environmental reviews.       Date SPI sent to PIC     April 15, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Maple Project Mersin International Port (MIP) is the largest multi-purpose terminal in Turkey by total throughput, providing container and conventional cargo services, as well as marine services in the southeast of the country, at the northeast corner of the Mediterranean Sea.  The company is looking to use proceeds of IFCs financing to repay its outstanding Eurobond and finance opex and maintenance capex (such as expenditures for maintenance of civil works, maintenance of cranes, IT infrastructure upgrades and other essential expenses necessary to maintain its operations). The main project-level outcomes are sustained access and quality of port services in Turkey, through an investment that enables the country's largest container port operator to stabilize its credit rating and undertake capex investments in the near term. At the market level, this investment contributes to sustaining access to global capital markets with potential positive signaling effects.
Akbank SME Loan The primary objective of the proposed term loan to Akbank under this Project is stemming from the relatively low appetite of banks to lend to the SME sector. The higher perceived risk of this sector, combined with the global credit crisis, is causing serious financial pressure on the development of the SMEs. The Project will support Akbanks new strategic business plan targeting an increased focus on SMEs. 

The Bank stands to benefit from existing customer relationships with its branches throughout the Country and aims to develop new products to support this goal and fulfill its target of becoming a leading SME bank. Thus, financing SMEs through the Bank is consistent with IFCs strategy to promote growth of SMEs at the current difficult global economic context. The project aims to increase access to finance for the underserved segments of the society in the areas outside the three major urban areas. Measurable indicators will include number and volume of SME loans disbursed to SME entrepreneurs in these regions.
Standard Profil II Established in 1977 and headquartered in Istanbul, Standard Profil (SP or the company) is the largest manufacturer of automotive sealing systems in Turkey.  Its product line includes a wide range of rubber seals such as door seals, trunk seals, engine cover seals and rear window gaskets.  These products are sold to various Original Equipment Manufacturers (OEMs) in the automobile industry who use them in the vehicle production process.    IFC is considering an investment in the company. The funding will support a key player in the Turkish auto parts sector, high growth sector with both local and export capabilities and high employment potential. The investment is expected to support innovation through the companys R&D capacity that creates employment opportunities for highly skilled technicians within Turkey. The investment is expected to create value in Turkey by supporting a local company growing into a leading player in the European market.
Finansbank DPR 2 Finansbank A.S. (Finansbank or the Bank) is the 5th largest private bank in Turkey and one of the fastest growing private banks in the country with a comprehensive network of branches, and a market share of 4.2% based on net loans as of December 2014. The bank is owned 99.8% by the National Bank of Greece (NBG) group. The balance is listed on the stock exchange.   The proposed Project is for IFC to make a second round of investment of up to US$100 million in Finansbanks new notes issuances of up to US$280 million from its existing Diversified Payments Rights (DPR) securitization facility.   IFCs proposed investment is targeted at increasing lending to MSMEs in Turkey, consistent with IFCs strategic priorities for the country. Although the MSMEs represent almost 80% of total employment in Turkey, loans made to MSMEs represent only about 38% of the total loans. Access to finance is perceived as the single most severe obstacle to growth by MSMEs, according to the 2008 enterprise survey conducted by the World Bank. The proposed Project would deepen IFCs relationship with Finansbank and help expand its footprint in financing MSMEs by supporting the development of its product and service offerings tailored to the specific needs of this underserved segment. 1) Financial Inclusion of Underserved Segments: Turkey has an unbanked population of 23 million which represents 0.9% of   the world''s unbanked population. Despite high growth, only 38% of loans to businesses in Turkey were channeled to   MSMEs. The proposed project will increase access to finance for MSMEs, as eligibility criteria on the use of IFC''s proceeds   will focus on this segment.   2) Capital Market Development: By supporting the second DPR issuance by Finansbank, IFC will help mobilize additional   investment from other investors. This will help further develop the capital markets in Turkey where access to medium-long   term finance by financial institutions at commercially viable pricing is still very limited.   3) Job Creation: IFC''s experience has shown that MSMEs can achieve higher job creation. MSMEs in Turkey grew faster   than the Turkish economy at the rate of 20% compare to economic growth of 8.5%, supporting economic growth and   employment creation.
TDD-Expansion Turk Demir Dokum Fabrikalari A.S. (TDD or the Company) is a leading producer of heating appliances in Turkey with revenues of $379 million in 2004. International revenues accounted for approximately 40% of this amount. Its asset size was $283 million at the end of 2004. Founded in 1954, TDD is listed on the Istanbul Stock Exchange.  TDDs manufacturing facilities are located mainly in Inegol and Bozuyuk in Central Anatolia, Turkey.      The proposed project consists of:    -  the expansion of TDDs panel radiator plant and combination boiler plants at Bozuyuk; -  the modernization and investments in new product development, including solar-energy powered water heating systems; and    -  working capital, project contingencies and some debt refinancing for an estimated total cost of EUR55 million ($66 million).
Martur Project Established in Bursa, Turkey in 1985, Martur Sunger ve Koltuk Tesisleri Tic. Ve San. A.S. (Martur or the Company) together with its subsidiaries engage in design and manufacturing of seats as well as other interior parts for passenger cars and light commercial vehicles. The Companys production facilities are located in Turkey, Romania, Russia and Algeria. The Project entails partial financing of Marturs investment program in Turkey and Romania. The Project''s development impact is expected to include: (i) supporting the Company''s south-south expansion from Turkey to Romania, (ii) increased employment generation, and (iii) increased competition by supporting the operations of a local vertically integrated low cost manufacturer such as Martur.
Arcelik Regional Expansion Established in 1955, Arcelik A.S (Arcelik or the company) is the market leader in Turkeys household appliances sector, with revenues of  approximately $2.4 billion in 2003.  International revenues accounted for approximately 50% of this amount. Its asset size was $1.8 billion at the end of 2003.

The company pursues a two-fold strategy targeted at the following components:

-  maintaining its dominant position in the domestic market and 
-  strengthening its position internationally through brand development, export sales, as well as through acquisitions and greenfield expansions abroad.  

Arcelik has state-of-the-art production facilities, practices advanced production management techniques, maintains cutting-edge research and development (R&D) capabilities and has experience in implementing new technologies and launching innovative products.  In 2002, Arcelik started to develop operational and commercial bases outside Turkey with the acquisition of Romanias only producer of refrigerators and the purchase of five West European brands.  The project supports this strategy through helping the company implement a number of corporate-wide initiatives, including those related to the modernization and capacity increases of existing plants, R&D, information technology, production and the establishment of a green-field washing machine plant in Russia.
Transatlantic TransAtlantic Petroleum Ltd (TAP) is a listed oil and gas exploration and production company incorporated in Bermuda and headquartered in Dallas, Texas. TAPs operations are mainly in Turkey and its strategy is based on applying advanced North American E&P technology (such as 3D seismic, horizontal drilling and advanced completion techniques including hydraulic fracturing) on underdeveloped basins with known production potential. The proposed investment by IFC will provide long term financing and facilitate TAPs expansion in Turkey. - Development of the hydrocarbon sector in Turkey: The Thrace Basin in Turkey is the country''s largest gas producing province and gas produced in the region is consumed domestically. Being one of the main private E&P companies in Turkey, TAP will help develop indigenous hydrocarbon resources and thus contribute to the country''s goals of reducing energy dependency, and help displace other fuels with natural gas.  - Technology and know-how transfer: TAP is pioneering North American technology including hydraulic fracturing and horizontal drilling in Turkey and through the use of advanced development and production technology, is playing an instrumental role in the transfer of technology. TAP''s activities enhance recoveries from and extends the lives of its fields in Turkey, leading to additional revenues to the government in the form of taxes and royalties.  TAP is also sharing knowhow with TPAO, the national oil company in Turkey, with whom TAP partners with in certain gas fields located in Thrace. This transfer of know how is highly likely to enhance recovery from other existing fields operated by TPAO and indirectly generate additional revenues to the government and help improve the energy balance of Turkey.  - Helping develop the nascent services sector in the region: TAP has significant drilling, 3D seismic and other development and exploration activities which are currently acquired from Viking Services (an IFC client), an oil field services company operating in the region. TAP is Viking''s key client and will continue playing an instrumental role in the development of the services sector in the country. The availability of North American technology in the region is enhancing recoveries in other existing fields operated by other clients as well. TAP''s expansion in Turkey will create and preserve local services jobs and provide training for local staff. TAP employs local technical staff to monitor and supervise activities such as horizontal drilling in Turkey. Local technical staff, which includes female drilling engineers, in many cases receive training in the United States.
Nobel Ilac Sanayi ve Ticaret A.S. table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }     Nobel Ilac ("Nobel") is a Turkish generic pharmaceuticals company that produces, markets, distributes and sells products domestically and exports across Europe and Central Asia. Its   product portfolio is spread across chronic, acute and consumer health therapeutic areas.    Nobels investment plan of US$44.5 million encompasses its expansion into two new subsectors: (i) Biotechnology R&D and production, and (ii) the production of injectable form drugs,  in addition to developing a high bay warehouse to optimize supply chain and inventory management. a) Increase availability of quality drugs in Turkey and Central Asia as Nobel will expand its products portfolio and venture into bio-tech drugs and injectables.
b) Increase exports and import substitution as Nobel will expand its products portfolio outside of Turkey which will contribute to reducing the country's pharmaceutical trade deficit. In addition, the bio-tech products that will be produced by Nobel will be local substitutes for imported drugs, which the Turkish government is keen on promoting;
c) Increased R&D activities in Turkey, which will support the government's agenda to boost local R&D and production and reduce the pharmaceutical trade deficit;
d) Generate direct employment opportunities for skilled labor in Turkey.
Chipita Turkey Chipita Turkey (the Company) is the newly created subsidiary of Chipita S.A., a leading international company in the production and marketing of flour-based snacks and chocolate confectioneries, headquartered in Athens, Greece. The Company is undertaking a greenfield project for the production of croissants in Turkey. The croissant manufacturing plant, currently at the last stages of construction, will operate with two production lines, with a total capacity of 410 pieces of packaged products per minute producing two types of croissants: cocoa cream and vanilla cream croissants, under the global 7-Days brand. With the construction of the plant expected to be completed in October 2013, the Company will proceed with the equipment installation during the last quarter of 2013, aiming to start production in the first quarter of 2014 and launch the product in the second quarter of 2014. - Job creation: The Company will create 172 positions of direct employment. In addition, it would help third-party service and product suppliers increase their employment.  - Increased tax revenues: The project is expected to generate EUR 6.7 million corporate taxes over the first 7 years of operations. In addition, it will generate other forms of tax revenues for the Government (e.g. VAT payments and social security contributions for employees). - Foreign direct investment: Although FDI figures are relatively high in Turkey, it takes mostly the form of acquisitions/privatization, and investments in green-field production plants are relatively low.
Kayseri Health The project is to develop, design, finance, construct and provide services for the Kayseri Integrated Health Campus located in Kayseri, a city in mid Anatolia region of Turkey. The project is one of the first PPPs in the Turkish healthcare sector and is part of the Ministry of Healths Health Transformation Program aiming to (i) renovate the insufficient healthcare infrastructure that is unable to meet the increasing healthcare demands, (ii) consolidate small state-owned hospitals under one campus, and (iii) increase service quality and efficiency in state-owned hospitals.  The Kayseri Integrated Health Campus covers a construction area of 464,095 sqm (including 342,509 sqm of hospital buildings) and is comprised of a multi-specialty main hospital with 1,083 general treatment beds and 200 psychiatric beds, a 200-bed center for physical therapy and rehabilitation, a 100-bed high security psychiatric hospital, an administration building and a technical service center.   Construction period is three years, to be followed by operational period of 25 years. Ministry of Health will move staff from several existing public hospitals in Kayseri to the newly built campus and will continue providing clinical services. As part of the project, in addition to facility management and general services (catering, laundry, cleaning, etc.) the Consortium will provide the following clinical support services: laboratory, imaging, rehabilitation, sterilization and disinfection. - Improved hospital infrastructure, efficiency and quality of public healthcare services in Kayseri, a 2nd tier city underserved by both public and private health service providers - Successful implementation and financing of the project will lead the way for other projects in the heatlh PPP program, also located in Turkish second tier cities - Demonstration effect in the region, where private-public partnerships in healthcare and other social services are just starting to emerge - Better health outcomes through use of modern clinical and diagnostic services, reduced waiting times for patients
FinansL EE III Finans Finansal Kiralama A.. (Finans Leasing or the Company) is one of the leading leasing companies in Turkey and IFCs longstanding partner.  Finans Leasing commenced operations in 1990 and has a strong niche in the SME segment and a noticeable market share of 7.2% by new business generation in 1H 2016. The Company offers finance leases mainly to micro-, small and medium enterprises (MSMEs), which constitute 70% of all leases of the Company as of June 30, 2016.   The proposed project consists of up to US$50 million senior loan for IFCs own account and up to US$50 million senior parallel loan(s) to the Company. The proceeds of the loans would be used to originate leases for small and medium enterprises (SMEs) to finance their energy efficiency, renewable energy and resource efficiency projects in Turkey that meet certain eligibility criteria to be established by IFC (the "Project").   The Project would be continuation of IFCs support of the Companys sustainable energy financing (SEF) program. Significant development impact is expected by:   (i)  supporting the expansion of SEF products to Turkish businesses and shoring up access to SME finance;   (ii)  contributing to the reduction of SMEs energy costs through improved utilization of sustainable energy equipment; and   (iii)  helping to improve local and global environment through reduced emissions of greenhouse gases and other conventional pollutants.   With a large amount of energy being imported into Turkey and the good availability of renewable energy resources, local companies (especially SMEs) are well incentivized to increase their energy efficiency and produce more energy from renewable sources, thus benefiting domestic industrial production.
Adana Health The proposed project entails the construction, operation and maintenance of an integrated health campus in Adana, (the Project) as part of the public-private partnership (PPP) program developed by the Turkish Ministry of Health (MoH) which aims at renovating, and enhancing quality and efficiency of healthcare services in state-owned hospitals.  The Project will be developed on a greenfield located on the outskirts of Adana and will have a 1,550-bed capacity, composed of 6 hospitals:  a 584-bed general hospital, a 349-bed womens and childrens hospital, a 185-bed cardio-vascular hospital, a 182-bed oncology hospital, a 150-bed physical medicine and rehabilitation hospital, and a 100-bed forensic psychiatric hospital. In addition to the hospitals, there will be health support facilities, commercial area, technical unit building, one helipad and a cogeneration or trigeneration plant.  The planned construction period is 36 months, to be followed by operational period of 25 years. - The proposed financing will improve infrastructure for public health services in Adana, a second tier city in Turkey, and adress the need for improved bed capacity and to develop underserved specialized areas. - Successful financing and implementation of this flagship project under the program is expected to lead the way for the rest of the projects in the program, most of which focused on second tier cities. - The project is also expected to provide better health outcomes through implementation of modern clinical and diagnostic services, better patient flow (with services consolidated in one campus) and reduced waiting lines. - Additionally, the proposed project will have a demonstation effect in the region and for other sectors (i.e. education), where PPP models are being investigated as an alternative to improve social infrastructure, and are expected to follow the example of the Turkish healthcare PPP Program.