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EIB Loan of 75 Million Euro
 
Home Page \ Kalkınma News \ EIB Loan of 75 Million Euro

75 Million Euro new credit line has been granted to Kalkınma Bankası for SME’s by European Investment Bank

New Loan Agreement for SMEs and Environmental Energy Projects was signed between EIB and Development Bank of Turkey.

New Credit Line Agreement for 75 million Euros provided by the European Investment Bank (EIB) and guaranteed by the Treasury was signed between Development Bank of Turkey and EIB on 04.07.2011 in a public ceremony. Acting Director General Metin Pehlivan and Deputy Director General İrfan Yaşar have participated in the ceremony on behalf of the Bank.

Speaking at the signing ceremony Undersecretary of Treasury H.Ibrahim Çanakcı said:” the financial support of EIB’s investments in key sectors provided important contributions to the economic development of Turkey.” Çanakcı pointed out, that the Undersecretariat of Treasury is giving special emphasis to the financing of SMEs which play a key role in renewable energy, energy efficiency, growth of the economy and providing new business opportunities.

Speaking at the signing ceremony, Matthias Kollatz-Ahnen, EIB Vice-President stated that Turkey is the lending priorities of the EIB and that the EIB’s focal points in 2011 are to meet the needs of infrastructure and environment and provide ongoing support to SMEs.

Speaking at the meeting, Acting Director General of the Development Bank of Turkey Metin Pehlivan pointed out that the SMEs corresponding to their crucial role in employment, value-added, exports, and investments, have benefited to a lesser extend of the loans. Providing information about the activities of the Development Bank of Turkey Pehlivan stated that new loan applications recorded as 1.1 billion Turkish Liras in the first half of 2011 and credit allocations recorded as 552 million Turkish Liras..