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Signature(s)

Amount
€ 199,548,940.01
Countries
Sector(s)
Türkiye : € 199,548,940.01
Credit lines : € 199,548,940.01
Signature date(s)
28/10/2015 : € 199,548,940.01
Link to source

Summary sheet

Release date
5 May 2015
Status
Reference
Signed | 28/10/2015
20150170
Project name
Promoter - financial intermediary
ISBANK LOAN FOR SMES AND MIDCAPS
TURKIYE IS BANKASI AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

Loan dedicated to the financing of small and medium-scale projects to be carried out by small and medium-sized enterprises (SMEs) and Mid-Caps in Turkey.

Improving access to term finance, the operation will support Turkey's strategy for enhancing economic growth and employment through the financing of small and medium-scale productive investments in eligible sectors. Projects will be carried out by SMEs and Mid-Caps, in line with the conditions for the implementation of the EIB loans for SMEs and Mid-Caps in candidate and potential candidate countries.

Environmental aspects
Procurement

The intermediary will be required to ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with the applicable national environmental law and the applicable principles of EU law.

The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the EIB finances are in accordance with the EIB Guide to Procurement and applicable national procurement legislation.

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).

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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