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Turkey

Department: Lending and Investment
Project Name: EBRD Financial Intermediary Investment Special Fund—Small Business Account—Garanti Bank syndication Loan(Turkey)
Project Description: The project is a €50 million syndicated loan facility to Garanti Bank for on-lending to micro, small and medium-sized enterprises (MSMEs) . The proceeds of the EBRD funds will also be used to finance the investments of small companies operating outside the three main Turkish cities Ankara, Istanbul and Izmir.

Region: Europe
Implementation Start Date: 2009/11/4
Implementation End Date: 2014/11/4
Approval Amount: US$3,000,000
Project Objectives: It is anticipated that this project will provide syndicated loan facility to Garanti Bank for on-lending to micro, small and medium-sized enterprises (MSMEs),facilitating the economic development in the Repubic of Turkey.
Executing Agency: EBRD
Implementation Arrangement: The loan facility is for Garanti Bank to on-lend to micro, small and medium-sized enterprises (MSMEs).A part of the loan will be used to continue Garanti Bank’s support to female entrepreneurs in rural areas.
Current Progress: Under repayment.
Project Manager: Su,YiChung
Phone: +886-2-28732323 ext.508
E-mail: y.c.su@icdf.org.tw
Sector: Economic Infrastructure and Services
Sector Item: Banking and Financial Services
Cooperating Country: Turkey
Cooperating Organization: European Bank for Reconstruction and Development (EBRD)
Project status: Projects under implementation
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  • Date:2014/8/5
  • Date Updated:2014/8/5