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    Reference: 20150170
    Release date: 5 May 2015

    Promoter – Financial Intermediary

    TURKIYE IS BANKASI AS

    Location

    Description

    Loan dedicated to the financing of small and medium-scale projects to be carried out by small and medium-sized enterprises (SMEs) and Mid-Caps in 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 for the implementation of the EIB loans for SMEs and Mid-Caps in candidate and potential candidate countries.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 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 the applicable national environmental 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 EIB finances are in accordance with the EIB Guide to Procurement and applicable national procurement legislation.

    Status

    Signed - 28/10/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Turkey Credit lines