Release date: 17 June 2014
Promoter – Financial Intermediary
TURKIYE HALK BANKASI ASLocation
Description
Dedicated loan aimed at increasing the availability of long term loans towards SMEs and MidCaps across Turkey.
Objectives
Financing of small/medium projects carried out by SMEs and midcaps in Turkey.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
In the Candidate and Potential Candidate Countries, the EIB pursues EU standards and requires that EU principles and standards be applied in accordance with Bank policies, unless any transition arrangements have been agreed during accession negotiations.
Consequently, the intermediary shall be required to ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national and applicable EU environmental law including the relevant international environmental agreements.
Procurement
The intermediary institution will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Signed - 7/11/2014
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).