Release date: 22 May 2007
Promoter – Financial Intermediary
- Development Bank of Turkey - TKB
- Halkbank
- Industrial Development Bank of Turkey - TSKB
- Vakifbank
Location
Description
Dedicated credit line for the financing of small and medium scale productive investments across Turkey.
Objectives
To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing for small/medium scale projects undertaken by small and medium-sized enterprises or local authorities.
Comments
Productive economic sectors according to EIB's eligibility criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million (or equivalent).
Total cost (Approximate amount)
Not applicable.
Environmental aspects
All investment 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 EIB, in line, as appropriate, with the EU environmental policy and legislation.
Procurement
EIB's standard procurement guidelines applicable to credit lines will apply.
Status
Signed - 19/07/2007
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).