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.
2014 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Dec 10, 2014|
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