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    Reference: 20150245
    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)

    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 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