Status : Active Phase : Planning (Under appraisal) Reference : 20130440 Release date: 06 June 2014 Promoter Financial Intermediary : TURKIYE CUMHURIYETI ZIRAAT BANKASI AS Location : Turkey Sector(s) : Credit lines Proposed EIB finance (Approximate amount) : EUR 100 million Description : The proposed operation will be a pilot loan providing access to medium-/long-term credit to final beneficiaries in the agriculture and agribusiness sectors throughout the country mainly focusing on environment, climate action and resource efficiency investments supported by the EU%s Pre-Accession Instrument for Agriculture and Rural Development (IPARD) in Turkey. Objectives : Financing of small/medium projects carried out by micro, small and medium sized enterprises. Comments : IPARD, which targets Turkish firms and SMEs in the dairy, meat and fish sectors as well as rural diversification in 42 Turkish provinces, is operated by the Turkish Public Agency ARDSI (Agriculture and Rural Development Support Institution) on the basis of procedures accredited by the EU. Project assessment, including economic viability and technical standards, is performed by ARDSI. The proposed EIB facility is expected to accelerate project implementation at the level of the final beneficiaries by complementing the IPARD financing. Environmental aspects : Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Procurement : Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Project completion date : 2015-06-30 12:00:00
Major organization : TURKIYE CUMHURIYETI ZIRAAT BANKASI AS
Address : Doganbey Mahallesi AtatÜrk Bulvari No: 8 Ankara, 06107 Turkey Website : www.ziraat.com.tr
Financier : European Investment Bank (EIB),
Financier address : Financier : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04