Project description
and objectives:
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The proposed project consist of a senior syndicated loan to be extended to
Banca Romana pentru Dezvoltare (“BRD”) by the EBRD and several commercial
banks under an EBRD A/B structure.
The syndicated loan package will be used to increase BRD’s source of funding
which will allow BRD to support its continuous expansion and to introduce new
corporate, SME and retail banking products.
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Transition impact:
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The project will allow to support a strong local bank by mobilising long term
resources from the market.
BRD’s extensive branch network will allow the bank to develop business all
over Romania with high standards of service. The business financed by the
loan will comprise SME finance, long term loans to corporates and retail
business such as mortgages.
The operation will also test the appetite of the participants in syndicated
markets for long term instruments in Romania and have a demonstration effect
for other banks in the country.
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The client:
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BRD, a Romanian commercial bank based in Bucharest and a subsidiary of Societe
Generale Group. BRD is the second largest commercial bank in Romania with
15.4% market share of total banking assets, total balance sheet of EUR 5.3
billion, equity of EUR 496 million and net profit of EUR 134 million at the
end-2005 (IFRS 2005 consolidated and audited figures). Total assets further
increased to EUR 6.2 billion by end-June 2006 (RAS unconsolidated unaudited
figures). During the first half of 2006, BRD registered a net profit of EUR 88
million (RAS unconsolidated unaudited). As of mid-September 2006, its market
capitalisation was at EUR 3.4 billion (based on Bucharest Stock Exchange
quotation).
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EBRD finance:
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To be confirmed.
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Total project cost:
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To be confirmed.
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Environmental impact:
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BRD will continue to comply with EBRD's Environmental Procedures for
Intermediated Financing through Local Banks, including adherence to the
Environmental Exclusion and Referral List, compliance with the applicable
national environmental, labour, health and safety and public consultation
requirements, and submission of annual environmental reports to the EBRD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Banca Romana pentru Dezvoltare (BRD)
Turn BRD,
B-dul Ion
Mihalache nr. 1-7,
Bucharest, 011171
E-mail: bertrand.isnard@brd.ro
Contact: Bertrand Isnard - Chief Financial Officer
Phone: (40) (21) 301 68 00
Fax: (40) (21) 301 68 06
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EBRD contact:
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Alexandru Tanase, Operation Leader: tanasea@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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