25
Activities
added value for the overall economy in
the evaluation of investments with its
pioneering and leading role in the sector.
With its specialized and experienced staff,
which is equipped with sector specific and
technical competences, İşbank provides
tailor-made, world class financial packages
for its customers, while keeping a focus on
customer satisfaction.
İşbank transfers substantial resources
to finance acquisition transactions that
include privatizations, with a special focus
on investments in sectors that serve as
the drivers of the country’s economy, such
as energy, infrastructure, transportation,
manufacturing and construction. The
Bank increased operational efficiency and
maintained a strong position in this area in
2015.
In 2015, İşbank played an important leading
arranger role in financing projects that will
contribute to economic growth in Turkey.
The Public Private Partnership (PPP) model,
through which the integrated health
campus and city hospitals projects are
realized, came to the fore as İşbank’s main
investments feeding its project financing
business. Through these efforts, İşbank
generated financing for the Ankara Etlik,
Ankara Bilkent Health Campus Projects
and the Isparta City Hospital Project, all
large-scale investments. The Isparta City
Hospital Project, whose total cost including
investment term financing was USD 285
million, was financed by İşbank. This is the
only one among health campus projects
whose financing was provided by a single
creditor so far.
In addition to financing of infrastructure
investments, new projects – primarily in
the energy sector – were also financed by
İşbank in 2015. İşbank provides qualified
solutions to customers operating in
different sectors. It joined the bank
consortium that provided long-term
financing to the following purchasing,
privatization and project investments:
additional phases of the Gebze-İzmir
highway; Kızıldere geothermal energy
plant project owned by Zorlu Doğal Elektrik
Üretim A.Ş.; and Efeler geothermal energy
plant project owned by Gürmat Elektrik
Üretim A.Ş. The Efeler geothermal plant
project is Turkey’s largest and Europe’s
second largest geothermal energy plant
project in terms of installed capacity.
A successful performance recognized
with international awards
At the Bonds & Loans Turkey Awards,
organized this year in Turkey by Global
Finance Conference (GFC) and in which
awards were presented for project
financing and private sector bond issues,
İşbank received award designations in
five different categories. The Gebze-İzmir
highway phase project that was partially
financed by the bank consortium in
which İşbank also received awards in two
categories: “Project Finance Deal of the
Year” and “Syndicated Loan Deal of the
Year”.
The projects listed below also received
awards at the Bonds & Loans Turkey
Awards:
»
»
Bilkent Health Campus Project:
“Infrastructure Finance Deal of the Year”;
»
»
Privatization Projects of Yeniköy and
Kemerköy Thermal Power Plants:
“Natural Resource Finance Deal of the
Year”;
»
»
Ankara Etlik Health Campus Project:
“Structured Finance Deal of Year”.
The Bilkent Health Campus Project also
received the “Turkish Deal of the Year”
award in the “Middle East and Africa”
category from Thomson Reuters Project
Finance International (PFI) as part of its
International Project Financing Awards.
Project financewill remain significant
in 2016.
İşbank expects project finance to remain
a significant part of the Bank’s business
in 2016. It continues to provide sufficient
financing solutions backed by deep
expertise in technical, fiscal and financial
analysis. İşbank aims to maintain a leading
and robust position in financing projects in
fields that are vital to the development of
the national economy, by transferring funds
to real sector.
The main items on İşbank’s agenda for
supporting the market and the Bank’s
overall project financing volume in 2016
include: privatization of generation facilities
of Elektrik Üretim A.Ş. (EÜAŞ); investment
expenditures of privatized electricity grids;
various transportation projects; harbor
privatization/construction projects; new
real estate, office complex, hotel projects
as part of urban transformation and
renewal scheme; and other privatization
and company/share acquisition
transactions. Furthermore, with the health
campus projects to be realized with the
partnership of the public and private sector,
infrastructure investments are expected
to continue. In addition, solar energy
plant investments in renewable energy
domain and thermal plant investments are
expected to become a major part of the
Bank’s business agenda.
