Release date: 21 September 2016
Promoter – Financial Intermediary
TURKIYE HALK BANKASI AS
The loan is a dedicated small and medium-sized enterprise (SME) and mid-cap credit line for projects promoted by SMEs and mid-caps in Turkey.
The proposed loan will be primarily dedicated to the financing of small to medium-sized investments undertaken by SMEs and mid-caps in Turkey. The proposed operation will enable Halkbank to continue supporting small and medium-sized businesses in Turkey and help maintain the long-term support of the EIB in this sector.
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
In candidate and potential candidate countries, the EIB requires that EU principles and standards be applied in accordance with Bank 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.
Halkbank 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.
Signed - 22/12/2016
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).