Access to Finance for SMEs

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The main aim of the Access to Finance for Small and Medium Enterprises Project for Turkey is to increase the access of small and medium enterprises to medium and long-term finance. The project will finance two credit lines targeting small and medium enterprises. The first component is a Euro 100 million equivalent wholesale credit line to the Turkish Sinai Kalkinma Bankasi to be intermediated through retail banks to small and medium enterprises in Turkey. The second component is a Euro 50 million equivalent credit line to be intermediated through Halkbank as a retail bank directly to small and medium enterprises in regions in Turkey where credit is less developed.