Industrial Sector Global Loan IV

Promoter – Financial Intermediary

• Industrial Development Bank of Turkey - TSKB
• Vakifbank
• Development Bank of Turkey - TKB
• Ziraat Bankasi A.S.
• Halkbank

Location

• Türkiye

Description

Financing of small and medium sized projects all across Turkey.

Objectives

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.

Comments

Industrial Sector, as well as tourism and services.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 250 million.

Total cost (Approximate amount)

N/A.

Environmental aspects

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.

Procurement

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

Status

Signed - 4/03/2004