YAPI KREDI BANK LOAN FOR SMES II

Promoter – Financial Intermediary

YAPI VE KREDI BANKASI AS

Location

• Türkiye

Description

SME Loan to finance small and medium-scale projects to be carried out by SMEs in Turkey.

Objectives

The operation will support Turkey’s strategy for enhancing economic growth and employment through the financing of small and medium scale productive investments in eligible sectors and at favourable conditions. Projects will be carried out by SMEs in line with the conditions for the implementation of the EIB Loan for SMEs in Candidate and Potential Candidate Countries.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 75 million

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

The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

Status

Signed - 16/10/2012