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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Turkey : € 100,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    22/06/2017 : € 40,000,000
    4/10/2016 : € 60,000,000

    Summary sheet

    Release date
    15 March 2016
    Status
    Reference
    Signed | 11/10/2016
    20160097
    Project name
    Promoter - financial intermediary
    AKLEASE LOAN FOR SME AND MID-CAPS
    AK FINANSAL KIRALAMA AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Dedicated EIB loan to finance small and medium-sized enterprise (SME) investments via leasing schemes for the financing of SMEs and mid-caps in Turkey

    Improving access to term finance, the operation will support Turkey's strategy for enhancing economic growth and employment through the financing, via leasing schemes, of small and medium-scale investments in eligible sectors. Projects will be carried out by SMEs and mid-caps in line with the conditions of the EIB loan for SMEs and mid-caps in candidate and potential candidate countries.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national environmental law and the applicable principles of EU legislation, as appropriate.

    The intermediary will be required to ensure that the 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 and national procurement legislation.

    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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