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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Signature date(s)
22/09/2014 : € 100,000,000
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Summary sheet

Release date
6 June 2014
Status
Reference
Signed | 22/09/2014
20130440
Project name
Promoter - financial intermediary
ZIRAAT BANK IPARD MBIL
TURKIYE CUMHURIYETI ZIRAAT BANKASI AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Not disclosed.
Description
Objectives

The proposed operation will be a pilot loan providing access to medium-/long-term credit to final beneficiaries in the agriculture and agribusiness sectors throughout the country mainly focusing on environment, climate action and resource efficiency investments supported by the EU's Pre-Accession Instrument for Agriculture and Rural Development (IPARD) in Turkey.

Financing of small/medium projects carried out by micro, small and medium sized enterprises.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Comments

IPARD, which targets Turkish firms and SMEs in the dairy, meat and fish sectors as well as rural diversification in 42 Turkish provinces, is operated by the Turkish Public Agency ARDSI (Agriculture and Rural Development Support Institution) on the basis of procedures accredited by the EU. Project assessment, including economic viability and technical standards, is performed by ARDSI. The proposed EIB facility is expected to accelerate project implementation at the level of the final beneficiaries by complementing the IPARD financing.
This operation is covered by the EU Guarantee for EIB loans outside the EU.

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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).

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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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