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    € 75,000,000
    Turkey : € 75,000,000
    Energy : € 75,000,000
    Signature date(s)
    31/05/2011 : € 75,000,000

    Summary sheet

    Release date
    15 December 2010
    Signed | 30/05/2011
    Project name
    Promoter - financial intermediary
    Finansbank Climate Change Facility

    Finansbank A.S.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 75 million (or equivalent)
    Up to EUR 150 million

    The proposed framework loan would support a series of investments in renewable energy and energy efficiency that would contribute to security of supply and the avoidance or reduction of greenhouse gas emissions and other atmospheric pollutants.

    The project would contribute to EU renewable energy and environmental policies (particularly climate change policies), it meets the Bank’s priority objectives for energy sector lending (renewable energy sources, energy efficiency) and would support a priority objective of the Accession Partnership with the EU.

    Environmental aspects

    Some individual schemes could be categorised as Annex I or II-type projects under the EIA Directive, which would require respectively a mandatory EIA or a review by the competent authority to assess the need to conduct one. The Bank will appraise the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

    The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation as defined by Procurement Directive 2004/17/EC, as well as publication in the Official Journal of the EU where appropriate.


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    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 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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