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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Turkey : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    28/06/2012 : € 150,000,000

    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.

    Disclaimer

    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).

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