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Equipement d’irrigation en goutte à goutte
In Turkey, a new credit line to Isbank to support the agriculture sector
Client presentation

Isbank is Turkey’s leading private bank and a longstanding partner of Proparco, with the first credit line signed nearly 10 years ago.

Project description

The new credit line will support the development of the bank's credit activity in the agriculture sector. It will focus on financing investments that enable an efficient use of resources in this sector (fuel savings with the replacement of tractors, water savings with drip irrigation equipment, etc.)

Project impact

By financing the agriculture sector in Turkey, the operation will support a dynamic sector that accounts for 6% of GDP (2017) and provides local jobs: the country has some 3 million active farms which employ 19% of the total working population. Isbank could thereby extend its range of loans to some 2,962 additional Turkish agricultural enterprises to finance their investments in growth and modernization. Furthermore, the operation targets a sector that accounts for a significant share of the country’s greenhouse gas (GHG) emissions (11.4% of GHG emissions, 2016). It could also contribute to optimizing the consumption of energy and resources in the agriculture sector. 

06/30/2020
Date of signature of the project
Turkey
Location
Financing tool
25 000 000 Euros
Amount of funding
EUR 25m loan
Financing details
Turkiye Is Bankasi (Isbank)
Client
CES