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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)
    3/12/2013 : € 150,000,000

    Summary sheet

    Release date
    3 May 2013
    Status
    Reference
    Signed | 03/12/2013
    20120663
    Project name
    Promoter - financial intermediary
    DEVELOPMENT LOAN II MIDCAPS & SMES
    TURKIYE KALKINMA BANKASI AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    The loan will be primarily dedicated for the financing of investments undertaken by SMEs and Midcaps in Turkey. The possibility to allocate up to 1/3 of the loan to investments of limited scale carried out by non SME/Mid-cap final beneficiaries in priority sectors such as knowledge economy, energy, environment protection (including industrial pollution abatement), health and education will be explored during appraisal.

    Financing of projects limited in size, mainly carried out by small and medium-sized enterprises.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU 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).

    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 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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