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    Reference: 20160097
    Release date: 15 March 2016

    Promoter – Financial Intermediary

    AK FINANSAL KIRALAMA AS

    Location

    Description

    Dedicated EIB loan to finance small and medium-sized enterprise (SME) investments via leasing schemes for the financing of 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, via leasing schemes, of small and medium-scale investments in eligible sectors. Projects will be carried out by SMEs and mid-caps in line with the conditions of the EIB loan for SMEs and mid-caps in candidate and potential candidate countries.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national environmental law and the applicable principles of EU legislation, as appropriate.

    Procurement

    The intermediary will be required to ensure that the 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 - 11/10/2016

    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).

    Related tags

    Turkey Credit lines