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Signature(s)

Amount
€ 48,853,967.35
Countries
Sector(s)
Türkiye : € 48,853,967.35
Credit lines : € 48,853,967.35
Signature date(s)
23/11/2011 : € 48,853,967.35
Link to source

Summary sheet

Release date
20 July 2011
Status
Reference
Signed | 23/11/2011
20110245
Project name
Promoter - financial intermediary
Sekerbank Loan for SMEs

Şekerbank T.A.Ş.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 50 million (or equivalent)
Not applicable
Location
Sector(s)
Description
Objectives

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.

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.

Environmental aspects
Procurement

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.

Public and private procurement under this loan will have to follow EIB procurement guidelines and national procurement legislation as appropriate.

Link to source

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).

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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.
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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.

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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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