İŞBANK KEEPS GARNERING AWARDS
FOR PROJECTS TO WHICH IT HAS
TRANSFERRED FUNDS.
Turkish Infrastructure Deal of the Year –
Eurasia Tunnel
With financing of USD 1.3 billion by a
consortium of foreign and Turkish banks
including İşbank, the İstanbul Strait Road
Crossing Project (Eurasia Tunnel) is designed
to provide an alternative and rapid road
crossing underneath the İstanbul Strait. The
project received the Turkish Infrastructure
Deal of the Year award from Project Finance
International, an eminent organization in its
field and worldwide.
PROJECT FINANCE WILL REMAIN
SIGNIFICANT IN 2013.
İşbank considers project finance to be
among its priority lines of business for
2013. The Bank aims to make its solid
experience in this business line available
to its customers, as well as its high-quality
financing solutions backed by technical and
financial analyses. İşbank aims to keep its
pioneering position as a leader in financing
investments in fields that are vital to the
development of the national economy.
In 2013, İşbank will keep a close eye on
privatizations of integrated healthcare
campus projects, power and gas distribution,
ports, bridges, highways, sugar plants and
power plants,. These privatizations are
expected to be carried out and financing
finalized in the year ahead. İşbank will
offer quality financing solutions upon their
assessment, with a particular focus on the
financing of investments in the energy,
infrastructure, transportation, tourism, retail
and manufacturing sectors.
Drawing on its experience in project finance
business line, in the coming year İşbank aims
to increase its business volume and further
reinforce its position in this field.
COOPERATING WITH INTERNATIONAL
ORGANIZATIONS IN INVESTMENT
FINANCING
Under the Turkish Mid-size Sustainable
Energy Financing Facility (MidSEFF),
launched in 2012 with co-financing from
the European Investment Bank (EIB) and
the European Bank for Reconstruction and
Development (EBRD), a total of EUR 125
million has been provided in funds for
on-lending to the borrowers for financing
investments in renewable energy, industrial
energy efficiency and waste-to-energy.
Agreements were signed in 2012 by and
between İşbank and the Japan Bank for
International Cooperation (JBIC) for the
supply of a fund with a total worth of
USD 300 million, for financing goods and
services to be procured from Japan in
relation to renewable energy projects.
İşbank was given the “Excellence in
Sustainable Energy Financing Award” in an
awards ceremony held on 6 December 2012
for its outstanding contributions within the
scope of the Turkey Sustainable Energy
Financing Facility (TurSEFF), arranged by
the EBRD to finance small-sized energy
efficiency and sustainable energy projects.
CUSTOMIZED RISK MANAGEMENT
SOLUTIONS
İşbank continued to develop products
integrated with other banking products and
customized derivative products that seek
to protect customers against risks they may
face due to uncertainties related to interest
rates, exchange rates or commodity prices.
In 2013, İşbank will keep extending support
to its customers through customized
derivative products and need-based risk
management solutions.
EXCELLENCE IN
SUSTAINABLE ENERGY
FINANCING AWARD
İŞBANK WAS GIVEN THE
“EXCELLENCE IN SUSTAINABLE
ENERGY FINANCING AWARD”
FOR ITS OUTSTANDING
CONTRIBUTIONS WITHIN
THE SCOPE OF THE TURKEY
SUSTAINABLE ENERGY
FINANCING FACILITY
(TURSEFF) PROGRAM.
IN 2013, İŞBANK WILL KEEP
EXTENDING SUPPORT TO
ITS CUSTOMERS THROUGH
CUSTOMIZED DERIVATIVE
PRODUCTS AND NEED-
BASED RISK MANAGEMENT
SOLUTIONS.
INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
31
İŞBANK
ANNUAL REPORT 2012
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