QNB Finansbank Finansal Hizmetler Group subsidiary operating in the financial leasing sector QNB Finansleasing has secured a EUR 100m syndicated loan.
The Netherlands-based Entrepreneurial Development Bank (FMO) acted as originator, arranger, and agent for the loan.
70% of the total will be allocated to SMEs for new equipment and long-term asset leasing while 30% will be used for renewable energy and energy efficiency products, according to a statement from QNB Finansleasing.
“We’ll contribute to the country’s economy by reducing our customers’ production costs and meeting the financing needs for their investments with the syndicated loan we’ve secured,” said Metin Karabiber, CEO of QNB Finansleasing.
The loan includes 3-year and 5-year tranches.