Release date: 5 March 2012
Promoter – Financial Intermediary
Halkbank A.S. – Private sector companies
www.halkbank.com.tr
Location
Description
The loan is dedicated to the financing of SMEs and MidCaps in Turkey. The operation will focus preliminary on investments in productivity gains, including investments by companies located in or re-locating to Organised Industrial Zones (“OIZs”), as defined by the Turkish legislation on State Encouragements to Investments.
Objectives
The operation will contribute to the local private sector development and regional integration in Turkey also by favouring the development of OIZs, thus supporting their capacity building, economic efficiency and competitiveness for SMEs and MidCaps. Projects will be carried out by SMEs and MidCaps 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 150 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 - 28/06/2012