Financed ProjectsAK Lease III, green loan

Identification Code:

OP/25/0030

Total Operation Cost:

40.000.000

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

AK Lease SME III

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Loan for Green Lease Financing to AKLease

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The operation is likely to have some modest positive economic benefits for Turkiye, albeit with no regional cooperation benefit.

Environmental Classification and Impact (summary):

The E&S due diligence of AKLease concludes that the Borrower has developed a comprehensive E&S management system that aligns with its leasing operations and their associated risks and impacts. This system includes an E&S Management Policy and an Exclusion List, both of which meet BSTDB requirements for Financial Institution Borrowers and reflect current best practices. The system is fully integrated into overall portfolio management, ensuring that all leasing operations are assessed for E&S risks, and findings are incorporated into leasing agreements. Furthermore, these contracts stipulate that the end beneficiary ensures the proper use and operation of each financed asset. This includes operation by qualified personnel, adherence to intended use, respect for all manufacturer's instructions, and compliance with all applicable legal rules and regulations, including those concerning environmental protection and the health and safety of employees, customers, and other relevant parties.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org