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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).

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