PROJECT FINANCING AND LOAN FACILITY
İlbank Inc. cooperates with local governments in the following five main areas:
Service Flow Chart::
A- PROVISION OF FINANCING
1.Provision of loans from equity
İlbank provides the Shareholding Administrations with loans from its own equity to enable them to procure construction works and purchase materials, equipment, and vehicles they need. Loan Application and Evaluation
Flow Chart of the Loan Facility Process
İlbank involves in supervision of every project to be realized through a credit facility of the Bank. The mode of supervision is full control, joint control or monitoring.
Provision of loans from international funds İlbank provides external financing from international markets, especially for infrastructure facilities, in addition to its own equity, for meeting the urban needs of local governments.
B-PROJECT DEVELOPMENT
İlbank develop and produces modern, optimum-scale, and state-of-the-art maps, zoning plans, geographic information systems, urban information systems and infrastructure and superstructure projects aimed at meeting any urban needs of local governments, or assess the conformance of project designs prepared by municipalities. This is carried out with the concept of "Project Management".
C- FUND TRANSFERS (ALLOTMENT OF SHARES) TO LOCAL GOVERNMENTS
İlbank mediates fund transfers from the national government to local governments. The most important item of these operations is the distribution of local government shares from National-Budget Tax Revenues under Law No. 5779 on Apportionments from the National Budget Tax Revenues dated 02.07.2008. A total of 6.50% of the net amount remaining after deducting tax returns from the sum of the collected tax revenues of the national budget is distributed, as in the following: 2.85% to municipalities outside metropolitan areas; 2.50% district municipalities within metropolitan areas, and 1.15% to special provincial administrations.
D- PROJECT EXECUTION (INVESTMENT ACTIVITIES)
In terms of investments, another basic function, the Bank conducts various projects in cooperation with the municipalities for drinking water, sewage, all kinds of treatment, solid waste, marine outfall, geothermal energy, municipality premises, cold storages, and terminals.