Release date: 14 March 2016
Promoter – Financial Intermediary
ING BANK A.S.Location
Description
Loan to finance small and medium-scale projects to be carried out by small and medium-sized enterprises (SMEs) and mid-caps in Turkey
Objectives
The proposed operation is aimed to improve access to term finance for SMEs and mid-caps, and to support Turkey's strategy for enhancing economic growth and employment through the financing of small and medium-scale productive investments in eligible sectors.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The intermediary will ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with 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 EIB finances are in accordance with the EIB Guide to Procurement and national procurement legislation.
Status
Signed - 5/05/2016
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).