Press Release: EIB supports small businesses and research in Turkey with record loans of EUR 900 million

The signatures of three loan agreements worth EUR 885 million on 8 June, 2009, with the Undersecretariat of Treasury and a number of its long-standing banking partners mark a milestone for the EIB's lending activity in Turkey. First, a EUR 335m facility has been signed with the Treasury, in support of public sector research activities. The facility will part-finance R&D activities performed by academic staff of the top 15 public universities in Turkey as well as the investments in scientific instruments and equipment required in all of the public universities of Turkey over the period 2008-2010. Two further facilities have been put in place with some of EIB’s long-standing banking partners in support of their SME lending.