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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)
    9/02/2017 : € 100,000,000

    Summary sheet

    Release date
    3 November 2016
    Status
    Reference
    Signed | 09/02/2017
    20160308
    Project name
    Promoter - financial intermediary
    DEVELOPMENT LOAN III FOR SMES AND MIDCAPS
    TURKIYE KALKINMA BANKASI AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Intermediated loan for the long-term financing of projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located in Turkey

    Financing of small to medium-sized investments undertaken by SMEs and mid-caps in Turkey. The proposed operation will enable Turkiye Kalkinma Bankasi (TKB), the development bank of Turkey, to continue supporting small and medium-sized businesses in Turkey and contribute to the EIB's long-term support to the sector.

    Environmental aspects
    Procurement

    In the EU accession candidate and potential candidate countries, the EIB requires that EU principles and standards be applied in accordance with the Bank's policies, unless any transition arrangements have been agreed during accession negotiations. Consequently, final beneficiaries will be requested to implement and operate the relevant investments in conformity with national laws, and the applicable provisions of the EU acquis, including directives on environmental impact assessment and public access to environmental information.

    TKB 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 and the relevant applicable EU procurement rules.

    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).

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    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.
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    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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