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AKLEASE LOAN FOR SME AND MID-CAPS

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
22/06/2017 : € 40,000,000
4/10/2016 : € 60,000,000
Link to source
Data sheet
AKLEASE LOAN FOR SME AND MID-CAPS
Other links
Summary sheet
AKLEASE LOAN FOR SME AND MID-CAPS

Summary sheet

Release date
15 March 2016
Status
Reference
Signed | 11/10/2016
20160097
Project name
Promoter - financial intermediary
AKLEASE LOAN FOR SME AND MID-CAPS
AK FINANSAL KIRALAMA AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Not applicable.
Location
Sector(s)
Description
Objectives

Dedicated EIB loan to finance small and medium-sized enterprise (SME) investments via leasing schemes for the financing of SMEs and mid-caps in Turkey

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 SMEs and mid-caps in line with the conditions of the EIB loan for SMEs and mid-caps in candidate and potential candidate countries.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national environmental law and the applicable principles of EU legislation, as appropriate.

The intermediary will be required to ensure that the 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.

Link to source
Summary sheet
AKLEASE LOAN FOR SME AND MID-CAPS
Other links
Data sheet
AKLEASE LOAN FOR SME AND MID-CAPS

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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