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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
14/03/2006 : € 100,000,000
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Summary sheet

Release date
7 March 2005
Status
Reference
Signed | 14/03/2006
20050070
Project name
Promoter - financial intermediary
Garantibank Global Loan
TURKIYE GARANTI BANKASI AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 200 million
Location
Sector(s)
Description
Objectives

Financing of small & medium sized long term projects, primarily of private sector SMEs and Mid-Caps, all around Turkey.

To enhance the prospects for economic growth and employment in Turkey through the provision of long-term financing to the SME sector.

Environmental aspects
Procurement

All investments financed from the resources made available by the Bank through global loan operations are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

The Bank’s standard procurement guidelines applicable to Global Loans will apply.

Comments

All industrial, manufacturing and services sectors normally eligible for EIB financing.

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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).

News & Stories

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General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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