Release date: 10 May 2007
Promoter – Financial Intermediary
TURKIYE IS BANKASI ASLocation
Description
Credit Line to a new intermediary for the financing of small and medium sized project primarily carried out by SME's in 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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Investments financed from the resources made available by the Bank through credit lines are required to comply with the relevant national legal framework and to be acceptable in environmental terms for the Bank, in line as appropriate, with EU Environmental policy and directives.
Procurement
The legal documentation will oblige the intermediaries to ensure that where public tendering is required by national or EU regulations, procurement procedures are done in accordance with EIB Guidelines and relevant applicable EU rules.
Status
Signed - 13/04/2009
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).