Release date: 27 February 2013
Promoter – Financial Intermediary
TURKIYE HALK BANKASI ASLocation
Description
The proposed joint EIB/EIF facility would be a loan dedicated to the financing of innovative SMEs in several sectors accross Turkey, enhanced by an EIF guarantee on the eligible SME portfolio providing credit risk coverage with the support of the EU Commission.
Objectives
Focusing on increasing economic efficiency and transformation as well as job creation in Turkey in line with EU objectives, the loan will favour the development of innovative SMEs and small Mid-Caps, and support capacity building, economic efficiency and competitiveness.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary will be required to ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national and applicable EU environmental law including the relevant international environmental agreements.
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 and national procurement legislation.
Status
Signed - 16/09/2013
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).