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SMALL BUSINESSES APEX GLOBAL LOAN

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Türkiye : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
2/12/2004 : € 150,000,000
Link to source
Data sheet
SMALL BUSINESSES APEX GLOBAL LOAN
Other links
Summary sheet
Small Businesses Apex Global Loan
Related press
New EIB Leasing and Loan facilities to support SMES in Turkey

Summary sheet

Release date
26 August 2004
Status
Reference
Signed | 02/12/2004
20040365
Project name
Promoter - financial intermediary
Small Businesses Apex Global Loan
Industrial Development Bank of Turkey (“TSKB”).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million.
In excess of EUR 300 million.
Location
Sector(s)
Description
Objectives

Financing of projects promoted by SMEs all across Turkey.

To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing to the SME sector. In order to reach smaller scale projects, the EIB facility will be intermediated by a number of Turkish commercial banks and leasing companies. Their eligibility will be determined on the basis of their SME lending strategies and financial strength.

Environmental aspects
Procurement

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

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

Comments

All industrial, manufacturing and services sectors normally eligible for EIB financing.

Link to source
Summary sheet
Small Businesses Apex Global Loan
Other links
Data sheet
SMALL BUSINESSES APEX GLOBAL LOAN
Related press
New EIB Leasing and Loan facilities to support SMES in Turkey

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).

News & Stories

Link to source
Related press
New EIB Leasing and Loan facilities to support SMES in Turkey
Other links
Data sheet
SMALL BUSINESSES APEX GLOBAL LOAN
Summary sheet
Small Businesses Apex Global Loan

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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