Reference:
20050082
Release date: 30 June 2006
Release date: 30 June 2006
Promoter – Financial Intermediary
AKBANK TASLocation
Description
The loan is intended for the financing of small and medium scale productive investments across Turkey.
Objectives
To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing to the SME sector.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
Not Applicable.
Environmental aspects
All investment financed under the proposed loan will be required to comply with the relevant legal framework in Turkey and to be acceptable in environmental terms to EIB, in line, as appropriate, with the EU environmental policy and legislation.
Procurement
EIB’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 7/12/2007