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    Reference: 20160470
    Release date: 21 September 2016

    Promoter – Financial Intermediary

    TURKIYE VAKIFLAR BANKASI TAO

    Location

    Description

    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.

    Objectives

    Financing of small to medium-sized investments undertaken by SMEs and mid-caps in Turkey. The proposed operation will enable Vakifbank to continue supporting small and medium-sized businesses in Turkey and help maintain the long-term support of the EIB in this sector.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    In the 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.

    Procurement

    Vakifbank 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 - 16/12/2016

    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

    Türkiye Credit lines