Rabobank has closed a three year €30mn committed leasing financing facility for Turkey’s Ko Finansal Kiralama (Kolease). Rabobank acts as mandated arranger and sole lender.
The facility will enable Koclease to extend funding, particularly to Turkish small businesses that are a key segment of KoLease’s strategy.
Kolease, established in February 1995, is a financial leasing company under the Ko Financial Services Group, owned in equal shares by Ko Holding of Turkey and UniCredito Italiano (UCI) of Italy.
Since its inception, Kolease has been a major player in the Turkish financial leasing market.
Kolease provides financing primarily to industrial companies which have worthwhile investment plans but which lack the necessary financial resources.