Release date: 20 July 2011
Promoter – Financial Intermediary
Şekerbank T.A.Ş.
Location
Description
The loan is dedicated to the financing of small and medium scale enterprises (SMEs) with a focus on those SMEs located in the least developed provices of Eastern Turkey, to be implemented by Sekerbank.
Objectives
The operation will support Turkey’s strategy for enhancing economic growth and employment through an improved access to term finance at favourable conditions for SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 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 - 23/11/2011