Release date: 3 September 2012
Promoter – Financial Intermediary
AKBANK TASLocation
Description
The loan is dedicated to the financing of SMEs and MidCaps in Turkey. Projects will be carried out by SMEs and MidCaps in line with the conditions for the implementation of the EIB Loan for SMEs and MidCaps in Candidate and Potential Candidate Countries.
Objectives
Providing term finance at favourable conditions for investment in small/medium projects carried out by SMEs and MidCaps.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
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
The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.
Status
Signed - 8/11/2012
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).