Release date: 3 March 2003
Promoter – Financial Intermediary
- Republic of Turkey and/or
- Industrial Development Bank of Turkey - TSKB
- Vakifbank
Location
Description
Financing of SMEs all across Turkey and of projects of larger private sector enterprises active in the less developed areas of the country.
Objectives
To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing, thereby allowing private sector enterprises to undertake longer-term capital investments. It also will contribute to improving the competitiveness of Turkish industry from an EU-Turkey trade perspective.
Comments
Industrial Sector, as well as tourism and services (global loans)
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
N/A
Environmental aspects
All investments financed under the proposed loan will be required to comply with the relevant legal framework in Turkey and to be acceptable in environmental terms to the Bank.
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 2/04/2003