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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Türkiye : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
28/06/2012 : € 150,000,000
Link to source

Summary sheet

Release date
5 March 2012
Status
Reference
Signed | 28/06/2012
20120028
Project name
Promoter - financial intermediary
Halkbank Loan for MidCaps and SMEs

Halkbank A.S. – Private sector companies
www.halkbank.com.tr

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 150 million (or equivalent)
Not applicable
Location
Sector(s)
Description
Objectives

The loan is dedicated to the financing of SMEs and MidCaps in Turkey. The operation will focus preliminary on investments in productivity gains, including investments by companies located in or re-locating to Organised Industrial Zones (“OIZs”), as defined by the Turkish legislation on State Encouragements to Investments.

The operation will contribute to the local private sector development and regional integration in Turkey also by favouring the development of OIZs, thus supporting their capacity building, economic efficiency and competitiveness for SMEs and MidCaps. Projects will be carried out by SMEs and MidCaps 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

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).

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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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