AKBANK LOAN FOR MIDCAPS AND SMES

Promoter – Financial Intermediary

AKBANK TAS

Location

• Türkiye

Description

The loan is dedicated to the financing of SMEs and MidCaps in Turkey. Projects will be carried out by SMEs and MidCaps in line with the conditions for the implementation of the EIB Loan for SMEs and MidCaps in Candidate and Potential Candidate Countries.

Objectives

Providing term finance at favourable conditions for investment in small/medium projects carried out by SMEs and MidCaps.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million

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

The intermediary 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 the EIB Guide to Procurement.

Status

Signed - 8/11/2012