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ING BANK TURKEY SMES AND MIDCAPS LOAN III

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Türkiye : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
5/05/2016 : € 200,000,000

Summary sheet

Release date
14 March 2016
Status
Reference
Signed | 05/05/2016
20150245
Project name
Promoter - financial intermediary
ING BANK TURKEY SMES AND MIDCAPS LOAN III
ING BANK A.S.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

Loan to finance small and medium-scale projects to be carried out by small and medium-sized enterprises (SMEs) and mid-caps in Turkey

The proposed operation is aimed to improve access to term finance for SMEs and mid-caps, and to support Turkey's strategy for enhancing economic growth and employment through the financing of small and medium-scale productive investments in eligible sectors.

Environmental aspects
Procurement

The intermediary will ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with 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 EIB finances are in accordance with the EIB Guide to Procurement and 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).

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Alternatively, the EIB can be contacted through its external offices.
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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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