Release date: 17 February 2004
Promoter – Financial Intermediary
- Industrial Development Bank of Turkey - TSKB
- Vakifbank
- Development Bank of Turkey - TKB
- Ziraat Bankasi A.S.
- Halkbank
Location
Description
Financing of small and medium sized projects all across Turkey.
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 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 - 4/03/2004
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).