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FINANSBANK LOAN FOR SMES AND MID-CAPS.

Reference : 20140590

Release date: 09 December 2014

Sector(s) : Credit lines

Proposed EIB finance (Approximate amount) : EUR 100 million

Promoter Financial Intermediary : FINANSBANK AS

Description : Dedicated loan aimed at increasing the availability and improving the financial conditions of SME and Mid-Cap financing across Turkey.

Objectives : 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 and the implementation of the EIB loan for SMEs and Mid-Caps in candidate and potential candidate countries.

Environmental aspects : The financial 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 financial 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.

country :Turkey

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Publication:Mena Report
Date:Dec 10, 2014
Words:190
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