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AKBANK SME GLOBAL LOAN

Signature(s)

Amount
€ 249,635,244.86
Countries
Sector(s)
Türkiye : € 249,635,244.86
Credit lines : € 249,635,244.86
Signature date(s)
28/07/2008 : € 249,635,244.86
Link to source
Data sheet
AKBANK SME GLOBAL LOAN
Other links
Summary sheet
Akbank SME Global Loan

Summary sheet

Release date
10 June 2008
Status
Reference
Signed | 28/07/2008
20080279
Project name
Promoter - financial intermediary
Akbank SME Global Loan
Akbank TAS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
Not applicable
Location
Sector(s)
Description
Objectives

To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing for small/medium scale projects undertaken by small and medium sized enterprises or local authorities

Financing of investments of small/medium scale by SMEs in Turkey

Environmental aspects
Procurement

All investment financed under the proposed loan will be required to comply with the relevant European and national directives and laws concerning the environment, as applicable.

EIB’s standard procurement guidelines applicable to Global Loans will apply.

Link to source
Summary sheet
Akbank SME Global Loan
Other links
Data sheet
AKBANK SME GLOBAL LOAN

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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