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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)
    8/11/2012 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    3 September 2012
    Status
    Reference
    Signed | 08/11/2012
    20120063
    Project name
    Promoter - financial intermediary
    AKBANK LOAN FOR MIDCAPS AND SMES
    AKBANK TAS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    The loan is dedicated to the financing of SMEs and MidCaps in Turkey. Projects will be carried out by SMEs and MidCaps in line with the conditions for the implementation of the EIB Loan for SMEs and MidCaps in Candidate and Potential Candidate Countries.

    Providing term finance at favourable conditions for investment in small/medium projects carried out by SMEs and MidCaps.

    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.

    The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

    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

    General enquiries and comments

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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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    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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