Release date: 1 June 2015
Promoter – Financial Intermediary
TURKIYE GARANTI BANKASI ASLocation
Description
Loan dedicated to the financing of small and medium-scale projects in eligible sectors to be carried out by small and medium-sized enterprises (SMEs) and Mid-Caps in Turkey
Objectives
Improving access to term finance at favourable conditions, 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 Loan for SMEs and Mid-Caps in Candidate and Potential Candidate Countries.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary will ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.
Procurement
The intermediary 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 the EIB Guide to Procurement and national procurement legislation.
Status
Signed - 5/08/2015
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).