Release date: 27 January 2010
Promoter – Financial Intermediary
Five to six Turkish banks will be selected by EIB in coordination with the Turkish Treasury and the EC as intermediaries for the facility.
Location
Description
Loan for SMEs, provided in cooperation with EIF.
Objectives
To enhance Turkey’s economy 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)
Up to EUR 250 million (or equivalent).
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/10/2010
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).