ProCredit Bank Romania - A/B Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 39038

Status Complete

Location

Romania

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 39038

Status Complete

Location

Romania

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

22 Jul 2008

Disclosure date

20 Jun 2008

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

ProCredit Bank Romania (PCBR) is a specialist microfinance bank established in 2002 with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Romania. PCBR disbursed almost 90,000 loans to Romanian MSEs for amount of over EUR 520 million.

The proposed project comprises a senior syndicated A/B loan up to €60 million including an EBRD A loan of up to EUR 15 million, while the B Loan will be financed by commercial lenders.

Transition Impact

The new financing will further assist PCBR in accessing international loan markets thus contributing to diversification of the commercial funding base and providing even greater access to MSEs. The project is expected to have a significant impact on the transition process. PCBR will continue to provide support to MSEs that would otherwise have limited access to formal sector finance which includes agricultural MSEs and those MSEs in rural areas. PCBR also supports the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.

The Client

ProCredit Bank Romania was established in April 2002 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally.

As of December 2007, PCBR operated through 37 branches. Further branch network expansion is planned. From its establishment.

EBRD Finance

EBRD will provide an A loan of up to EUR15 million.

Project Cost

Total project cost will be up to EUR 60 million, of which up to EUR 15 million will be EBRD’s share.

Environmental Impact

ProCredit Bank Romania carries out its operations in accordance with the EBRD's “Environmental Procedures for Small and Micro Loans”. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements.

Technical Cooperation

The technical assistance (TA) for establishment of PCBR and for the acceleration of the regional expansion nationwide was provided by the US/EBRD SME Finance Facility, KfW and the by the Luxembourg government over the 2001 – 2005 period for a total amount of EUR 3.4 million. Full graduation from the EBRD’s technical contracts took place in January 2006. No further technical assistance funds are provided.

Company Contact

Gian Marco Felice
General Manager
ProCredit Bank Romania

Tel: + 40 21 201 6000
Fax: + 40 21 201 6002
Email: gm.felice@procreditbank.ro

Transition impact

ETI Score:85

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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