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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Türkiye : € 250,000,000
Credit lines : € 250,000,000
Signature date(s)
12/07/2007 : € 100,000,000
12/07/2007 : € 150,000,000
Link to source

Summary sheet

Release date
12 March 2007
Status
Reference
Signed | 12/07/2007
20070097
Project name
Promoter - financial intermediary
Denizbank SME & Midcap Facility
Denizbank AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Financing of investments of small/medium scale by SMEs or Mid-cap companies throughout Turkey.

To enhance the propects for economic growth and employment in Turkey through the provision of long-term financing to the SME/ Mid-cap companies.

Environmental aspects
Procurement

All investment 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 EIB, in line, as appropriate, with EU environmental policy and legislation.

EIB'€™s standard procurement guidelines applicable to Global Loans/ Mid-cap loan will apply.

Comments

All industrial, manufacturing, trading and services sectors normally eligible for SME Global Loan. For mid-cap companies priority will be given to energy, environment, health and education sectors.

Link to source

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

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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.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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