Release date: 6 June 2014
Promoter – Financial Intermediary
TURKIYE CUMHURIYETI ZIRAAT BANKASI ASLocation
Description
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.
Objectives
Financing of small/medium projects carried out by micro, small and medium sized enterprises.
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/09/2014
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).