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    Signature(s)

    Amount
    € 199,548,940.01
    Countries
    Sector(s)
    Türkiye : € 199,548,940.01
    Credit lines : € 199,548,940.01
    Signature date(s)
    28/10/2015 : € 199,548,940.01
    Link to source

    Summary sheet

    Release date
    5 May 2015
    Status
    Reference
    Signed | 28/10/2015
    20150170
    Project name
    Promoter - financial intermediary
    ISBANK LOAN FOR SMES AND MIDCAPS
    TURKIYE IS BANKASI AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Loan dedicated to the financing of small and medium-scale projects to be carried out by small and medium-sized enterprises (SMEs) and Mid-Caps in Turkey.

    Improving access to term finance, the operation will support Turkey's strategy for enhancing economic growth and employment through the financing of small and medium-scale productive investments in eligible sectors. Projects will be carried out by SMEs and Mid-Caps, in line with the conditions for the implementation of the EIB loans for SMEs and Mid-Caps in candidate and potential candidate countries.

    Environmental aspects
    Procurement

    The intermediary will be required to ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with the applicable national environmental law and the applicable principles of EU law.

    The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the EIB finances are in accordance with the EIB Guide to Procurement and applicable national procurement legislation.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Link to source

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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