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GREATER ANATOLIA GUARANTEE FACILITY

This project is co-financed by the European Union and the Republic of Turkey. GREATER ANATOLIA GUARANTEE FACILITY. Presentation by the Eur opean Investment Bank Group 18 May 2011, Ankara. Agenda. Background, Structure and Targets Implementation: Q1 Results and Current Status.

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GREATER ANATOLIA GUARANTEE FACILITY

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  1. This project is co-financed by the European Union and the Republic of Turkey GREATER ANATOLIA GUARANTEE FACILITY Presentation by the European Investment Bank Group 18 May 2011, Ankara

  2. Agenda • Background, Structure and Targets • Implementation: Q1 Results and Current Status

  3. Agenda • Background, Structure and Targets • Implementation: Q1 Results and Current Status

  4. NUTS II Regions having an income per capita above the 75% of Turkish national average NUTS II Regions having an income per capita below the 75% of Turkish national average 15 Growth Centres Problem statement: disparity in regional development and access to finance of SMEs • 25% of SMEs in the country • Representing 22% of employment generated by SMEs • Receiving only 10% of SME lending

  5. GREATER ANATOLIA GUARANTEE FACILITY MICRO-CREDIT COUNTER GUARANTEE €5m SME CREDIT GUARANTEE €25m CAPACITY BUILDING & PROMOTION €2m EIB Greater Anatolia SME Loan Programme €250m GAGF as a means of addressing the problem • A holistic programme designed for credit enhancement for SMEs and microenterprises in the Target Region • Micro-credit guarantees: through counter-guarantee provided to KGF • SME loan guarantees: through portfolio guarantees provided to five banks effectively linked to EIB lending • Capacity building for key actors in implementation

  6. Micro-enterprise All banks in the Target Region Micro-enterprise Counter- guarantee KGF EIF Guarantee Micro-enterprise Micro-enterprise ............... ............... Pillar 1: Micro-Credit Guarantees Target EUR 37.5m / TRY 74.6m Credit Volume 1,500 Micro-enterprise

  7. SME Akbank EIB Loan SME Denizbank SME Halkbank SME EIF Guarantee Yapı Kredi ............... ............... Vakıfbank + = EUR 250 million Banks’ Resources EUR 500 million Credit Volume EUR 250 million EIB Loan Pillar 2: SME Loan Guarantees Target 2,500 SMEs

  8. Pillar 3: Capacity Building & Promotion • Capacity building designed for key implementing partners to ensure effectiveness and sustainability • KGF, five banks and DGIT as end-recipient • Promotion designed for increasing SMEs awareness of the Facility and visibility of stakeholders • EU, CFCU, MoIT, EIB Group, KGF, five banks

  9. Major Milestones

  10. Agenda • Background, Structure and Targets • Implementation: Q1 Results and Current Status

  11. 2011 Q1 Results • Total Volume: TRY 102.2 million (~ EUR 46.5 million) • Total Number of Loans: 1022 • Total Number of SMEs: 978

  12. Volume – Regional Breakdown Credit Volume / Kredi Hacmi (TRY 102 million / EUR 46.5 million)

  13. Number of Loans – Regional Breakdown Number of Loans / Kredi Sayısı (1088)

  14. Number of SMEs – Regional Breakdown Number of SMEs / KOBI Sayısı (1044)

  15. Current Status (as of 12 May) • Total Volume: TRY 177.5 million (~ EUR 80.7 million) • Total Number of Loans: 1875 • Main value-added concentrated on reduced collateral and interest rate

  16. Promotion • Recruitment of a PR agency being completed • Presentation to Gaziantep and Samsun Chambers of Commerce in April with participation of RDAs and other SME networks • GAGF is well-received and cooperation is ensured • Presentation to SMEs to take place in second half of June in Gaziantep, Samsun and Kayseri (tbc)

  17. Take Aways • Only 5 months into implementation • Pillar 2 = Star of the Facility • Results are visible  High Expectations • Pillar 1 & 3 less visible, but as important • Reconvene in 12 months time

  18. Questions? Contacts: Jose Romano EIF Head of Turkey & iVCi j.romano@eif.org Thank you Özlem Çotuk EIF Project Manager o.cotuk@eif.org

  19. Back-up slides

  20. Sponsors and Partners of the Facility • European Union and Republic of Turkey co-financing EUR 32m of funds (IPA+National Contribution) • European Investment Bank providing EUR 250m lending and long-standing relationship with Turkish banks • European Investment Fund managing the Facility and bringing expertise on risk-sharing

  21. Terms for the Micro-Credits

  22. Terms for the SME Loan

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