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    Reference: 20160701
    Release date: 14 October 2016

    Promoter – Financial Intermediary

    FINANS FINANSAL KIRALAMA AS

    Location

    Description

    Dedicated EIB loan for the financing, via leasing schemes, of small and medium-sized projects in Turkey promoted by small and medium-sized enterprises (SMEs) and mid-caps in eligible sectors

    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 small and medium-sized enterprises (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 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 - 20/12/2016

    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