28 İşbank
Annual Report 2015
İşbank continues to provide customers with foreign
financing opportunities in a range of areas that include
energy, agriculture, and female entrepreneurship.
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İşbank continued to collaborate with the
Turkish Pharmacists Union (TEB). The
Bank continued to intermediate in the
payment of pharmacists’ social security
(SGK) health support premiums. TEB
Support Fund agreements also continued
to be implemented in 2015.
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As part of a continued collaboration
between İşbank and KOSGEB (Small
and Medium Industry Development
Organization) the Karaman Province,
Ermenek, Sarıveliler and Başyayla
Districts Working Capital Loan Interest
Support Agreement was signed.
Following the agreement’s execution, the
credit facility was provided to KOSGEB.
Uninterrupted access to foreign
financing funds
In order to contribute to the development
of the Turkish economy, the Bank evaluated
foreign financing opportunities in energy,
agriculture and female entrepreneurship
and offered these to customers.
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TurAFF (Turkey Agribusiness Financing
Facility)’s first and foremost aim is to
support agricultural enterprises in
regions throughout Turkey where access
to financing is difficult and limited. Under
this program, the financing resource of
USD 25 million had been obtained from
the European Bank for Reconstruction
and Development (EBRD) in 2014 started
to be offered to customers in 2015.
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The TurSEFF I and II package loans,
with which the EBRD provided SMEs
with financing for their investments in
renewable energy and energy efficiency,
were offered in full to customers in 2015.
Financing of new investments in this
area continued with TurSEFF’s (Turkey
Sustainable Energy Financing Facility)
III package. The offering of resources
provided by the European Investment
Bank (EIB) and the EBRD for project
financing of medium and large-size
ventures investing in renewable energy
and energy efficiency projects was
completed in large extent during the year.
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As part of İşbank’s Women in Business
activities, efforts to support financing
received by EBRD in three packages
continued. Provision of EBRD loans
was completed, while as of end-2015,
repayments were still ongoing.
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A total amount of USD 220 million of
funding was obtained from the Overseas
Private Investment Corporation for the
purpose of meeting the financing needs
of female entrepreneurs and small and
medium-sized companies operating in
priority development regions. Efforts
with regard to effective utilization of the
obtained resource are still underway.
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The total amount of EUR 17.6 million
provided in 2013 by the German
Development Bank (KfW) and the
Second Stage of the European Union
Small Enterprises Loan Program-SELP
II was disbursed to customers in two
installments. Repayments of these loans
are currently ongoing.
Differentiated solutions and products
tailored to meet customer needs
İşbank identifies the regional and seasonal
needs and requirements of enterprises
based on the results of reviews and
assessments carried out in the field as
well as at headquarters and specializes its
products and services accordingly.
Under the Bank’s efforts to accurately and
effectively fulfill the financial needs of
customers, İşbank introduced the following
products in 2015:
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In order to provide export financing to
commercial customers based in Turkey
involved in exports, sales and deliveries
considered as exports, and foreign
currency earning services and business
activities, the “Medium and Long Term
Turkish Lira Installment Loan for Export”
product was rolled out by the Bank. The
product enables equal installments or
a flexible payment plan longer than 24
months.
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The Second Hand Stock Management
Loan was designed to provide short-term
opportunities to vehicle firms’ authorized
dealers to finance their used vehicle
purchases.
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Türkiye İhracat Kredi Bankası A.Ş. (Türk
Eximbank), within the Domestic Banks
Purchaser Loan program, enabled foreign
importing companies to make use of
such loans through the Bank’s foreign
branches, subsidiary banks and other
corresponding banks.
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The Foreign Currency Discount/
Purchase Loan was designed to create
loan opportunities to other domestic
banks provided that their foreign
currency checks are subject to a discount
procedure.
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The Installment Loan TL/Foreign
Currency Investment Loan product was
designed to allow use of Turkish lira
or foreign currency investment loans
at equal installments or with a flexible
repayment plan.
İşbank and its Activities in 2015
