The loan is dedicated to the financing of small and medium scale enterprises (SMEs) with a focus on those SMEs located in the least developed provices of Eastern Turkey, to be implemented by Sekerbank.
Objectives
The operation will support Turkey’s strategy for enhancing economic growth and employment through an improved access to term finance at favourable conditions for SMEs.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
Up to EUR 50 million (or equivalent)
Total cost (Approximate amount)
Not applicable
Environmental aspects
The financial intermediary shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.
Procurement
Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.
Status
Signed
-
23/11/2011.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
