Release date: 10 June 2008
Promoter – Financial Intermediary
Akbank TASLocation
Description
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
Objectives
Financing of investments of small/medium scale by SMEs in Turkey
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
All investment financed under the proposed loan will be required to comply with the relevant European and national directives and laws concerning the environment, as applicable.
Procurement
EIB’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 28/07/2008
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).