Transcript ipa.sanayi.gov.tr

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
Agenda
1. Background, Structure and Targets
2. Implementation:
Q1 Results and Current Status
11 April 2011
Agenda
1. Background, Structure and Targets
2. Implementation:
Q1 Results and Current Status
11 April 2011
Problem statement: disparity in regional
development and access to finance of SMEs
national average
NUTS II Regions having an income per capita below the 75% of Turkish national average
NUTS II Regions having an income per capita above the 75% of Turkish
15 Growth Centres
• 25% of SMEs in the country
• Representing 22% of employment generated by SMEs
• Receiving only 10% of SME lending
11 April 2011
GAGF as a means of addressing the
problem
• A holistic programme
designed for credit
enhancement for SMEs
and microenterprises in
the Target Region
GREATER ANATOLIA
GUARANTEE FACILITY
CAPACITY BUILDING &
PROMOTION
€2m
SME CREDIT
GUARANTEE
€25m
MICRO-CREDIT
COUNTER GUARANTEE
€5m
EIB Greater Anatolia SME Loan Programme
€250m
11 April 2011
– Micro-credit guarantees:
through counterguarantee 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
Pillar 1: Micro-Credit Guarantees
Micro-enterprise
Micro-enterprise
EIF
Counterguarantee
KGF
Guarantee
All banks
in the
Target
Region
Micro-enterprise
Micro-enterprise
...............
...............
Target
EUR 37.5m / TRY 74.6m Credit Volume
1,500 Micro-enterprise
11 April 2011
Pillar 2: SME Loan Guarantees
SME
Akbank
EIB
Loan
SME
Denizbank
SME
Halkbank
SME
Guarantee
EIF
Yapı Kredi
...............
...............
Vakıfbank
Target
EUR 250 million
EIB Loan
11 April 2011
+
EUR 250 million
Banks’ Resources
2,500 SMEs
=
EUR 500 million
Credit Volume
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
11 April 2011
Major Milestones
Official Launch of the Facility
Signature of Agreements
16 July 2010
22 October 2010
Completion of Internal Procedures by FIs
June 2011
Kick-Start Promotion of the Facility
June 2011
KGF Needs Assessment Results
11 April 2011
September 2011
Agenda
1. Background, Structure and Targets
2. Implementation:
Q1 Results and Current Status
11 April 2011
2011 Q1 Results
• Total Volume: TRY 102.2 million
(~ EUR 46.5 million)
• Total Number of Loans: 1022
• Total Number of SMEs: 978
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Volume – Regional Breakdown
Credit Volume / Kredi Hacmi
(TRY 102 million / EUR 46.5 million)
TR-A1 Erzurum, Erzincan, Bayburt
TR-90
7%
TR-A1 TR-A2
3%
4% TR-B1
8%
TR-83
17%
TR-B2
3%
TR-C1
8%
TR-A2 Agri, Kars, Igdir, Ardahan
TR-B1 Malatya, Elazig, Bingol, Tunceli
TR-B2 Van, Mus, Bitlis, Hakkari
TR-C1 Gaziantep, Adiyaman, Kilis
TR-C2 Sanliurfa, Diyarbakir
TR-C3 Mardin, Batman, Sirnak, Siirt
TR-82
6%
TR-C2
10%
TR-7
11%
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TR-63 Hatay, Kahramanmaras, Osmaniye
TR-72 Kayseri, Sivas, Yozgat
TR-82 Kastamonu, Cankiri, Sinop
TR-63
13%
TR-C3
10%
TR-83 Samsun, Tokat, Corum, Amasya
TR-90 Trabzon, Ordu, Giresun, Rize,
Artvin, Gumushane
Number of Loans – Regional Breakdown
Number of Loans / Kredi Sayısı
(1088)
TR-A1 Erzurum, Erzincan, Bayburt
TR-90
9%
TR-A1
4%
TR-A2
5%
TR-A2 Agri, Kars, Igdir, Ardahan
TR-B1
6%
TR-B2
2%
TR-83
21%
TR-C1
9%
TR-C2
6%
TR-82
5%
TR-72
12%
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TR-C3
8%
TR-63
13%
TR-B1 Malatya, Elazig, Bingol, Tunceli
TR-B2 Van, Mus, Bitlis, Hakkari
TR-C1 Gaziantep, Adiyaman, Kilis
TR-C2 Sanliurfa, Diyarbakir
TR-C3 Mardin, Batman, Sirnak, Siirt
TR-63 Hatay, Kahramanmaras, Osmaniye
TR-72 Kayseri, Sivas, Yozgat
TR-82 Kastamonu, Cankiri, Sinop
TR-83 Samsun, Tokat, Corum, Amasya
TR-90 Trabzon, Ordu, Giresun, Rize, Artvin,
Gumushane
Number of SMEs – Regional Breakdown
Number of SMEs / KOBI Sayısı
(1044)
TR-A1 Erzurum, Erzincan, Bayburt
TR-90
9%
TR-A1
3%
TR-A2
5%
TR-A2 Agri, Kars, Igdir, Ardahan
TR-B1
6%
TR-B2
2%
TR-83
21%
TR-C1
9%
TR-B1 Malatya, Elazig, Bingol, Tunceli
TR-B2 Van, Mus, Bitlis, Hakkari
TR-C1 Gaziantep, Adiyaman, Kilis
TR-C2 Sanliurfa, Diyarbakir
TR-C3 Mardin, Batman, Sirnak, Siirt
TR-C2
6%
TR-82
5%
TR-C3
8%
TR-72
12%
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TR-63
14%
TR-63 Hatay, Kahramanmaras, Osmaniye
TR-72 Kayseri, Sivas, Yozgat
TR-82 Kastamonu, Cankiri, Sinop
TR-83 Samsun, Tokat, Corum, Amasya
TR-90 Trabzon, Ordu, Giresun, Rize, Artvin,
Gumushane
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
11 April 2011
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)
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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
11 April 2011
Questions?
Thank you
Contacts:
Jose Romano
EIF
Head of Turkey & iVCi
[email protected]
11 April 2011
Özlem Çotuk
EIF
Project Manager
[email protected]
Back-up slides
11 April 2011
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
11 April 2011
Terms for the Micro-Credits
Max. Loan Amount
EUR 25,000 / up to TRY 50,000
Min. Loan Maturity
6 months
Max. Loan Maturity
3 years
Currency
TRY
Loan Type
Investment or working capital
Beneficiaries
Micro-enterprises (EU definition*) established
or having majority operations in the Target
Region
*Having less than 10 employees and annual turnover/total assets < EUR 2m
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Terms for the SME Loan
Max. Loan Amount
EUR 500,000 / up to TRY 1,000,000
Min. Loan Maturity
2 years
Max. Loan Maturity
5 years
Currency
TRY or EUR
Loan Type
Investment or working capital
Beneficiaries
SMEs (EU definition*) established or having
majority operations in the Target Region
*Having less than 250 employees and annual turnover < EUR 50m or / total
assets < EUR 43m
11 April 2011