Signature(s)
Summary sheet
- Credit lines - Credit lines
The loan is a dedicated small and medium-sized enterprise (SME) and mid-cap credit line for projects promoted by SMEs and mid-caps in Turkey.
Financing of small to medium-sized investments undertaken by SMEs and mid-caps in Turkey. The proposed operation will enable Vakifbank to continue supporting small and medium-sized businesses in Turkey and help maintain the long-term support of the EIB in this sector.
In the candidate and potential candidate countries, the EIB requires that EU principles and standards be applied in accordance with Bank 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.
Vakifbank 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.