Release date: 18 September 2012
Promoter – Financial Intermediary
ING BANK ASLocation
Description
Loan to finance small and medium-scale projects to be carried out by SMEs and Mid-Caps in Turkey.
Objectives
Improving access to term finance at favourable conditions to finance small and medium-scale projects, carried out by SMEs and MidCaps in Turkey.
Comments
The operation will support Turkey’s strategy for enhancing economic growth, employment and exports through the financing of small and medium scale productive investments in eligible sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 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 - 18/12/2012
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).