Release date: 9 December 2014
Promoter – Financial Intermediary
FINANSBANK ASLocation
Description
Dedicated loan aimed at increasing the availability and improving the financial conditions of SME and Mid-Cap financing across Turkey.
Objectives
Improving access to term finance, 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. Projects will be carried out by SMEs and Mid-Caps, in line with the conditions and the implementation of the EIB loan for SMEs and Mid-Caps in candidate and potential candidate countries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The financial intermediary will 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 financial 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 - 1/06/2015
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).