IFC Invests in QNB Leasing to Boost Energy Transition and Blue Financing in Türkiye

• The investment strengthens energy transition financing in the country.
• IFC funding will enable QNB Leasing to launch lending for sustainable use of water sources.
• The partnership will drive sustainable growth and resilience for small and medium enterprises in Türkiye.

Istanbul, Türkiye, March 6, 2025—IFC today announced an investment in QNB Finansal Kiralama A.Ş. (QNB Leasing), a leading leasing company and a subsidiary of QNB Türkiye, to enhance access to energy transition finance for smaller businesses in the country. The five-year, $100 million loan will support sustainable energy financing and pioneering blue finance initiatives, strengthening resilience in the country’s leasing sector. At least 10 percent of proceeds will be dedicated to blue finance activities, supporting sustainable productivity growth in Türkiye.

Small and medium enterprises, which constitute 99 percent of Turkish businesses, often struggle to access long-term capital for renewable energy and energy efficiency projects. Through this investment, QNB Leasing will provide tailored services to help these businesses upgrade capital equipment and reduce energy costs. In addition to advancing its energy transition financing initiatives, IFC’s investment will enable QNB Leasing to launch blue lending projects focused on the sustainable use of water resources.

"At QNB Leasing, we believe that sustainable finance is not just an option—it’s a responsibility," said Osman Tas, General Manager of QNB Leasing. "This collaboration with IFC represents a significant step forward in our mission to drive Türkiye’s economic growth through smart, sustainable investments. By supporting SMEs, we are fostering innovation, creating jobs, and contributing to a greener future. We are thrilled to collaborate with IFC, and we look forward to expanding our joint efforts in the coming years."

“IFC is committed to helping Türkiye transition to a sustainable, low-carbon economy by mobilizing private capital and introducing innovative financing solutions,” said Momina Aijazuddin, IFC Regional Industry Head, Financial Institutions Group for the Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan. “Our strategic partnership with QNB Leasing will continue to unlock new opportunities for small businesses to thrive, address urgent environmental challenges, and inspire other leasing companies to enhance sustainable financing.”

The project also marks IFC’s continued support for the leasing sector, which provides small businesses with alternative financing channels beyond traditional bank loans, addressing barriers such as collateral requirements and limited financial histories.

Türkiye represents IFC's third-largest country exposure globally, with a committed portfolio of close to $5.4 billion as of February 2025.

About QNB Leasing

QNB Leasing is a subsidiary of QNB Bank, a member of Qatar National Bank S.A.Q (QNB Group). Established in 1990 as Türkiye's fifth leasing company, it has grown to become a leading leasing company in Türkiye, with a strong focus on small and medium-sized enterprises (SMEs). QNB Leasing offers tailored leasing solutions to meet diverse customer needs across various industries, specializing in a wide range of assets, including wind turbines, solar power plants, heavy machinery, automobiles, medical equipment, agricultural equipment, and printing equipment. Committed to supporting Türkiye's sustainability targets, QNB Leasing actively finances green energy and green transition projects, driving the country’s growth and creating added value through sustainable investments.