Release date: 26 August 2004
Promoter – Financial Intermediary
Industrial Development Bank of Turkey (“TSKB”).Location
Description
Financing of projects promoted by SMEs all across Turkey.
Objectives
To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing to the SME sector. In order to reach smaller scale projects, the EIB facility will be intermediated by a number of Turkish commercial banks and leasing companies. Their eligibility will be determined on the basis of their SME lending strategies and financial strength.
Comments
All industrial, manufacturing and services sectors normally eligible for EIB financing.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
In excess of EUR 300 million.
Environmental aspects
All investments financed under the proposed loan will be required to comply with the relevant legal framework in Turkey and be acceptable, in environmental terms, to the EIB.
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 2/12/2004
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).