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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)
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.

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).

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.

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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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