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    Reference: 20140026
    Release date: 24 April 2014

    Promoter – Financial Intermediary

    TURKIYE VAKIFLAR BANKASI TAO

    Location

    Description

    Dedicated loan aimed at increasing the availability of long term loans in favour of SMEs and midcaps across Turkey.

    Objectives

    Financing of small/medium projects carried out by SMEs and midcaps in Turkey.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    In the Candidate and Potential Candidate Countries, the EIB pursues EU standards and requires that EU principles and standards be applied in accordance with Bank policies, unless any transition arrangements have been agreed during accession negotiations.
    Consequently, the intermediary shall be required to ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national and applicable EU environmental law including the relevant international environmental agreements.

    Procurement

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

    Status

    Signed - 7/11/2014

    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).

    Related tags

    Turkey Credit lines