Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

ING BANK TURKEY MIDCAP AND SME LOAN

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
18/12/2012 : € 100,000,000
Link to source
Data sheet
ING BANK TURKEY MIDCAP AND SME LOAN
Other links
Summary sheet
ING BANK A.S. LOAN FOR MIDCAPS AND SMES
Related press
Turkey: EIB bolsters entrepreneurship with EUR 100 million in tandem with ING

Summary sheet

Release date
18 September 2012
Status
Reference
Signed | 18/12/2012
20120370
Project name
Promoter - financial intermediary
ING BANK A.S. LOAN FOR MIDCAPS AND SMES
ING BANK AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan to finance small and medium-scale projects to be carried out by SMEs and Mid-Caps in Turkey.

Improving access to term finance at favourable conditions to finance small and medium-scale projects, carried out by SMEs and MidCaps in Turkey.

Environmental aspects
Procurement

The financial intermediary shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.

The intermediary 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.

Comments

The operation will support Turkey’s strategy for enhancing economic growth, employment and exports through the financing of small and medium scale productive investments in eligible sectors.

Link to source
Summary sheet
ING BANK A.S. LOAN FOR MIDCAPS AND SMES
Other links
Data sheet
ING BANK TURKEY MIDCAP AND SME LOAN
Related press
Turkey: EIB bolsters entrepreneurship with EUR 100 million in tandem with ING

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).

News & Stories

Link to source
Related press
Turkey: EIB bolsters entrepreneurship with EUR 100 million in tandem with ING
Other links
Data sheet
ING BANK TURKEY MIDCAP AND SME LOAN
Summary sheet
ING BANK A.S. LOAN FOR MIDCAPS AND SMES

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.

Related publications