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VAKIFBANK LOAN FOR MIDCAPS AND SMES

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Türkiye : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
20/12/2012 : € 200,000,000
Link to source
Data sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES
Other links
Summary sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES
Related press
Turkey: EUR 300 million in new EIB finance for climate action and smart growth

Summary sheet

Release date
1 October 2012
Status
Reference
Signed | 20/12/2012
20120401
Project name
Promoter - financial intermediary
VAKIFBANK LOAN FOR MIDCAPS AND SMES
TURKIYE VAKIFLAR BANKASI TAO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not applicable.
Location
Sector(s)
Description
Objectives

The proposed dedicated Loan is aimed at increasing the availability of long term loans for Midcaps and SMEs across Turkey.

Improving access to term finance at favourable conditions.

Environmental aspects
Procurement

The final 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
Summary sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES
Other links
Data sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES
Related press
Turkey: EUR 300 million in new EIB finance for climate action and smart growth

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

Link to source
Related press
Turkey: EUR 300 million in new EIB finance for climate action and smart growth
Other links
Data sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES
Summary sheet
VAKIFBANK LOAN FOR MIDCAPS AND SMES

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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