ING BANK A.S. LOAN FOR MIDCAPS AND SMES

Promoter – Financial Intermediary

ING BANK AS

Location

• Türkiye

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)

• Credit lines

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