Banca Transilvania - Credit Line for the SMEs

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 39880

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 39880

Status Complete

Location

Romania

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

10 Dec 2008

Disclosure date

19 Dec 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

The proposed project envisages providing a EUR 100 million loan with a maturity of 5 years to Banca Transilvania, a leading privately owned Romanian bank to provide long-term funding to the SMEs. The EUR 100 million loan will allow Banca Transilvania to continue providing SME loans, thus ensuring the continued availability of funding to SMEs at a time of increasingly limited access to bank finance. More than 7,500 SME clients stand to benefit from the new EBRD funds.

Transition Impact

The transition impact of this project stems from assisting a locally owned independent bank to adjust to current difficult market conditions, adapt to the more challenging external funding environment and continue to support the SME sector in Romania.

The Client

Banca Transilvania is the largest private locally owned Romanian bank and the fifth largest in the Romanian banking system with a market share of 5.6%. As at 30 September 2008, the bank had a total balance sheet of EUR 4,346 million, equity of EUR 437 million and net profit of EUR 106 million.

EBRD Finance

EUR 100 million on a maturity of 5 years.

Project Cost

EUR 100 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Banca Transilvania
Cluj-Napoca, George Baritiu Street, no. 8
E-mail: bancatransilvania@bancatransilvania.ro
Contact: Mihaela Nadasan - Director, International Relations
Phone: (40)-264-301107
Fax: (40)-264-407179

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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