SME Development Loan

Promoter – Financial Intermediary

• Industrial Development Bank of Turkey (TSKB)
  www.tskb.com.tr
• Turkiye Vakiflar Bankasi (Vakifbank)
  www.vakifbank.com.tr
• Development Bank of Turkey (TKB)
  www.tkb.com.tr

Location

• Türkiye

Description

Dedicated EIB credit line for SMEs 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.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Up to EUR 400 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 European and national directives and laws concerning the environment, as applicable.

Procurement

EIB’s standard procurement guidelines applicable to intermediated loans will apply.

Status

Signed - 8/06/2009