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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Türkiye : € 75,000,000
    Credit lines : € 75,000,000
    Signature date(s)
    26/05/2011 : € 75,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    15 December 2010
    Status
    Reference
    Signed | 26/05/2011
    20100527
    Project name
    Promoter - financial intermediary
    Finansbank Loan for SMEs

    Finansbank A.S.
    www.finansbank.com

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 75 million (or equivalent)
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    The loan is dedicated to the financing of small and medium scale enterprises (SMEs) in several sectors across Turkey, to be implemented by Finansbank. This will be the second operation for SMEs with Finansbank following the implementation of the previous loan.

    The operation will support Turkey’s strategy for enhancing economic growth and employment through the financing of small and medium scale productive investments in eligible sectors. Projects will be carried out by SMEs in line with the conditions for the implementation of the EIB Loan for SMEs in Candidate and Potential Candidate Countries.

    Environmental aspects
    Procurement

    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.

    Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.

    Link to source
    Other links

    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).

    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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