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    Reference: 20160308
    Release date: 3 November 2016

    Promoter – Financial Intermediary

    TURKIYE KALKINMA BANKASI AS

    Location

    Description

    Intermediated loan for the long-term financing of projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located in Turkey

    Objectives

    Financing of small to medium-sized investments undertaken by SMEs and mid-caps in Turkey. The proposed operation will enable Turkiye Kalkinma Bankasi (TKB), the development bank of Turkey, to continue supporting small and medium-sized businesses in Turkey and contribute to the EIB's long-term support to the sector.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    In the EU accession candidate and potential candidate countries, the EIB requires that EU principles and standards be applied in accordance with the Bank's policies, unless any transition arrangements have been agreed during accession negotiations. Consequently, final beneficiaries will be requested to implement and operate the relevant investments in conformity with national laws, and the applicable provisions of the EU acquis, including directives on environmental impact assessment and public access to environmental information.

    Procurement

    TKB 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 the relevant applicable EU procurement rules.

    Status

    Signed - 9/02/2017

    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