FMO Secures Landmark €130 Million Loan to Propel QNB Leasing’s Green and Inclusive SME Financing in Türkiye

FMO Secures Landmark €130 Million Loan to Propel QNB Leasing’s Green and Inclusive SME Financing in Türkiye

(IN BRIEF) FMO has arranged and led a €130 million syndicated A/B term loan to QNB Leasing—one of the largest syndications for a Turkish non-bank financial institution—bringing in CDP as a parallel lender and several B-loan investors (ResponsAbility, Global Climate Partnership Fund, BlueOrchard, Atlantic Forfaiting). Thirty-six percent of the funding is designated for renewable energy and energy-efficiency projects, while the remainder will support micro-enterprises and SMEs, especially women- and youth-led, rural, and agricultural businesses. QNB Leasing CEO Osman Taş highlighted the strategic focus on sustainable, inclusive growth; FMO’s Ruhi Coşgun underscored the resilience of this partnership amid regional challenges; and CDP’s Cristina Morelli emphasized leasing’s role in widening SME access to finance.Dfg.

(PRESS RELEASE) THE HAGUE, 5-Aug-2025 — /EuropaWire/ — The Dutch entrepreneurial development bank FMO is proud to underwrite a €130 million syndicated A/B term loan for QNB FİNANSAL KİRALAMA A.Ş. (QNB Leasing), a leading non-bank financial institution in Türkiye. This new facility, which cements a client relationship dating back to 2017, ranks among the largest ever secured by an NBFI in the Turkish market.

FMO structured and led the syndication, while Cassa Depositi e Prestiti (CDP)—Italy’s development bank—joined as a parallel lender. In addition, a consortium of B-loan investors, including funds managed by ResponsAbility, the Global Climate Partnership Fund, BlueOrchard Microfinance Fund, and Atlantic Forfaiting, have committed capital. These partners will now provide QNB Leasing with access to a broader universe of international financiers, all united in support of its dual objectives of sustainability and financial inclusion.

Under the terms of the facility, 36 percent of the capital will be earmarked for renewable energy ventures and energy-efficiency upgrades. The balance will back lending to micro-enterprises and SMEs—particularly those led by women and youth, as well as ventures in rural and agricultural sectors. This allocation directly advances FMO’s mandate to channel development finance into projects that yield both environmental benefits and socio-economic uplift.

Osman Taş, QNB Leasing’s Chief Executive Officer, remarked, “Securing this syndicated loan reflects the strong vote of confidence our international partners place in our growth and impact strategy. By scaling up investments in green energy and expanding credit lines for underserved groups, we’re laying the groundwork for sustainable prosperity across Türkiye. True, lasting change hinges on collaboration, and we’re committed to forging these partnerships for the long haul.”

Ruhi Coşgun, Regional Manager for Financial Institutions, ECAs, and MDBs at FMO’s MENA office, added, “We’re delighted to deepen our decade-long collaboration with QNB Leasing and to introduce them to fresh sources of capital. Despite the region’s geopolitical complexity, our joint commitment to green infrastructure and broader access to finance remains steadfast.”

Cristina Morelli, heading Sovereign, Corporate, and FI Financing at CDP, said, “Leasing is a potent instrument for financial inclusion, and we’re proud to support this operation—particularly its focus on energy-efficiency, a sector crucial to Türkiye’s sustainable growth trajectory.”

About QNB Leasing

QNB FİNANSAL KİRALAMA A.Ş. (QNB Leasing) is a subsidiary of QNB Bank, a member of Qatar National Bank S.A.Q (QNB Group). Established in 1990 as Turkey’s fifth leasing company, QNB Leasing has grown to become a leading player in the Turkish leasing market, with a strong focus on sustainable finance and small and medium-sized enterprises (SMEs). The company offers tailored leasing solutions across various industries, specializing in assets such as wind turbines, solar power plants, machinery, automobiles, medical equipment, agricultural equipment, and printing equipment. As the sole leasing subsidiary of QNB BANK A.Ş., Türkiye (QNB T), QNB Leasing benefits from deep operational and financial integration within the group, leveraging QNB T’s extensive branch network across Türkiye.

About CDP:

Cassa Depositi e Prestiti is the Italian Development Bank which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets.

Media Contact:

Josh Asmah
+31 6 25 19 07 21
J.Asmah@fmo.nl

SOURCE: FMO