Release date: 1 June 2005
Promoter – Financial Intermediary
- Development Bank of Turkey - TKB
- Halkbank
- Industrial Development Bank of Turkey - TSKB
- Vakifbank
- T.C. Ziraat Bankasi A.Ş.
will act as intermediaries to channel funds to the final beneficiaries, SMEs throughout Turkey.
Location
Description
Financing of small and medium sized projects throughout 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.
Comments
All industrial, manufacturing and services sectors normally eligible for EIB financing.
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, in line, as appropriate, with EU environmental policy and legislation.
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 29/11/2005
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).