Signature(s)
Amount
€ 48,853,967.35
Countries
Sector(s)
Türkiye
: € 48,853,967.35
Credit lines
: € 48,853,967.35
Signature date(s)
23/11/2011 : € 48,853,967.35
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Data sheet
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Summary sheet
Release date
20 July 2011
Status
Reference
Signed | 23/11/2011
20110245
Project name
Promoter - financial intermediary
Sekerbank Loan for SMEs
Şekerbank T.A.Ş.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 50 million (or equivalent)
Not applicable
Location
Sector(s)
Description
Objectives
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.
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.
Environmental aspects
Procurement
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.
Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.
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Summary sheet
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Data sheet
News & Stories
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