Release date: 5 September 2011
Promoter – Financial Intermediary
Four Turkish banks will be selected by EIB in coordination with the Turkish Treasury and the European Commission as intermediaries for the facility.
Location
Description
Loans for SMEs, provided in cooperation with EIF.
Objectives
To enhance Turkey’s economy through the provision of long-term financing for small/medium scale projects undertaken by small and medium sized enterprises.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million (or equivalent)
Total cost (Approximate amount)
Not applicable
Environmental aspects
The financial intermediaries 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
Procurement under these loans will have to follow EIB procurement guidelines and national procurement legislation as appropriate.
Status
Signed - 9/12/2011