BT Leasing - Senior Loan for SMEs

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 42968

Status Complete

Location

Romania

Business Sector

Notice Type

Private

Project timeline

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

Project ID 42968

Status Complete

Location

Romania

Business Sector

Notice Type

Private

Environmental Category

Approval Date

10 Jul 2012

Disclosure date

20 Dec 2012

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."

Translated version of this PSD: Romanian

Project Description

The EBRD extended a €10 million SME loan to BT Leasing Transilvania IFN, Banca Transilvania’s leasing subsidiary. The EBRD loan will be used by BT Leasing to support Romanian SMEs by providing financial leases.

Transition Impact

The proposed loan will contribute to the development of the leasing financing in Romania, as well as to channelling financial support to SMEs, which still have limited access to funding sources. The EBRD loan will enable BT Leasing to diversify its funding sources and benefit from long term financing.

The Client

BT Leasing was set up in 1995 and is fully owned by Banca Transilvania. As of end of 2011, the company had total assets of € 44.4 million, total equity of €11 million and net profit of €2.1 million (IFRS audited).

EBRD Finance

A senior loan for up to €10 million extended by the Bank to BT Leasing.

Project Cost

Up to €10 million.

Environmental Impact

Categorised FI. BT Leasing will be required to continue to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Leasing. This will include adherence to the EBRD's Environmental and Social Exclusion Lists and submission of annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact

BT Leasing
Cluj-Napoca, George Baritiu Street, no. 1, 1st floor
E-mail: btleasing.@btleasing.ro

Contact: Mr. Ionut Morar – Leasing Director
Phone: +40 264 402 010
Fax: +40 264 444 150
Email: ionut.morar@btleasing.ro

Transition impact

ETI Score:35

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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