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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
18/12/2012 : € 100,000,000
Link to source

Summary sheet

Release date
18 September 2012
Status
Reference
Signed | 18/12/2012
20120370
Project name
Promoter - financial intermediary
ING BANK A.S. LOAN FOR MIDCAPS AND SMES
ING BANK AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan to finance small and medium-scale projects to be carried out by SMEs and Mid-Caps in Turkey.

Improving access to term finance at favourable conditions to finance small and medium-scale projects, carried out by SMEs and MidCaps in Turkey.

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.

Comments

The operation will support Turkey’s strategy for enhancing economic growth, employment and exports through the financing of small and medium scale productive investments in eligible sectors.

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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