EIB representation to Türkiye

The European Investment Bank (EIB), the bank of the European Union, has signed a loan agreement worth €400 million with Türkiye. The loan is fully guaranteed by the European Union (EU) and will help to restore water and wastewater infrastructure in the provinces affected by the earthquakes that hit the south-east of the country on 6 February 2023. The loan will be provided by EIB Global, the arm of the EIB that works beyond the European Union, with İller Bankası (ILBANK) acting as the intermediary.

A high-level delegation of the EIB led by Vice-President Pim van Ballekom is in Istanbul for a two-day official visit. The delegation will meet today and tomorrow representatives of major Turkish companies and banks for the signature of seven new loan agreements, totalling over EUR 800 million. Small and medium enterprises (SMEs) will attract the largest part of the new funding; other loans will support healthcare and port infrastructure projects. 

A top-level EIB Group delegation, led by EIB Vice-President Pim van Ballekom, is in Ankara today and tomorrow for talks with Turkish Government representatives. The discussions are intended to further strengthen and broaden the scope of EIB Group financing in Turkey.