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Reference: 20100527
Release date: 15 December 2010

Promoter – Financial Intermediary

Finansbank A.S.
www.finansbank.com

Location

Description

The loan is dedicated to the financing of small and medium scale enterprises (SMEs) in several sectors across Turkey, to be implemented by Finansbank. This will be the second operation for SMEs with Finansbank following the implementation of the previous loan.

Objectives

The operation will support Turkey’s strategy for enhancing economic growth and employment through the financing of small and medium scale productive investments in eligible sectors. Projects will be carried out by SMEs in line with the conditions for the implementation of the EIB Loan for SMEs in Candidate and Potential Candidate Countries.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 75 million (or equivalent)

Total cost (Approximate amount)

Not applicable.

Environmental aspects

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.

Procurement

Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.

Status

Signed - 26/05/2011

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).

Related tags

Türkiye Credit lines