Release date: 20 July 2011
Promoter – Financial Intermediary
Şekerbank T.A.Ş.
Location
Description
The loan is dedicated to the financing of small and medium scale enterprises (SMEs) with a focus on those SMEs located in the least developed provices of Eastern Turkey, to be implemented by Sekerbank.
Objectives
The operation will support Turkey’s strategy for enhancing economic growth and employment through an improved access to term finance at favourable conditions for SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million (or equivalent)
Total cost (Approximate amount)
Not applicable
Environmental aspects
The financial intermediary shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.
Procurement
Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.
Status
Signed - 23/11/2011
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).