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INDUSTRIAL SECTOR GL III

Signature(s)

Amount
€ 199,999,999.76
Countries
Sector(s)
Türkiye : € 199,999,999.76
Credit lines : € 199,999,999.76
Signature date(s)
2/04/2003 : € 199,999,999.76
Link to source
Data sheet
INDUSTRIAL SECTOR GL III
Other links
Summary sheet
Industrial Sector Global Loan III

Summary sheet

Release date
3 March 2003
Status
Reference
Signed | 02/04/2003
20020417
Project name
Promoter - financial intermediary
Industrial Sector Global Loan III
  • Republic of Turkey and/or
  • Industrial Development Bank of Turkey - TSKB
  • Vakifbank
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
N/A
Location
Sector(s)
Description
Objectives

Financing of SMEs all across Turkey and of projects of larger private sector enterprises active in the less developed areas of the country.

To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing, thereby allowing private sector enterprises to undertake longer-term capital investments. It also will contribute to improving the competitiveness of Turkish industry from an EU-Turkey trade perspective.

Environmental aspects
Procurement

All investments financed under the proposed loan will be required to comply with the relevant legal framework in Turkey and to be acceptable in environmental terms to the Bank.

The Bank’s standard procurement guidelines applicable to Global Loans will apply.

Comments

Industrial Sector, as well as tourism and services (global loans)

Link to source
Summary sheet
Industrial Sector Global Loan III
Other links
Data sheet
INDUSTRIAL SECTOR GL III

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).

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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