Project description
and objectives:
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A subordinated loan of EUR 15 million to be extended by the EBRD to Banca
Transilvania (“BT”) as part of a larger subordinated debt package expected to
total EUR 75 million to be granted together by five Creditors, including the
EBRD, in five distinct parallel subordinated loans.
The subordinated loan package will be used to increase BT’s quasi capital base
which will allow BT 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 main rationale of this project is to provide support to a strong local
bank with good potential to develop further and provide high standards of
service to SMEs, private corporates and retail customers.
Beyond its regional base, BT’s extensive branch network will allow to develop
business all over Romania, particularly with smaller clients, a fast-growing
market segment.
The proposed participation in BT’s subordinated loan programme is consistent
with and reinforces the objectives of the original equity investment by
providing the necessary means for the bank to continue expanding its
operations and efficiently serve the needs of local private clients.
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The client:
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Banca Transilvania, a Romanian commercial bank based in Cluj. BT is a
medium-size institution with 3.9% market share of total banking assets, total
balance sheet of EUR 1,383.5 million, equity of EUR 138.4 million and net
profit of EUR 29.8 million at the end-2005 (audited). Total assets further
increased to EUR 1,752.7 million and total equity to EUR 199.7 million
(unaudited) by end-June 2006. During the first half of 2006, BT registered a
net profit of EUR 16.5 million and became the fifth largest bank of Romania by
total assets.
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EBRD finance:
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A subordinated loan of EUR 15 million.
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Total project cost:
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tba
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Environmental impact:
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BT 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, 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 Transilvania
Cluj-Napoca, George Baritiu Street, no. 8
E-mail: bancatransilvania@bancatransilvania.ro
Contact: Mihaela Nadasan - Director, International Relations
Phone: (40)-264-407150
Fax: (40)-264-407179
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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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