Garanti Bank S.A. Romania - Bond Issue

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 46413

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 46413

Status Complete

Location

Romania

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

07 May 2014

Disclosure date

03 Jun 2014

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: Croatian

Project Description

The EBRD has subscribed RON 46 million in the five-year local currency senior unsecured bond issue of Garanti Bank S.A.The proceeds are envisaged to be used for the general funding needs of Garanti Bank S.A, which will include granting loans to customers.

Transition Impact

The transition impact potential derives from supporting the fourth local currency bond issue to be listed on the Bucharest Stock Exchange by Romanian commercial banks since the onset of the crisis, and is envisaged to contribute to the development of the local capital market in Romania. This transaction represents an inaugural local currency bond issue by Garanti Bank S.A on the Romanian market.

The Client

Garanti Bank S.A. is the 12th largest bank in Romania by total assets, with a 2% market share as of December 2013.

EBRD Finance

RON 46 million.

Project Cost

RON 300 million.

Environmental Impact

Categorised FI. Compliance with the EBRD's Performance Requirements 2 and 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending, including the EBRD's Environmental and Social Exclusion Lists and annual reporting.

Technical Cooperation

None.

Company Contact

Garanti Bank SA
5 Fabrica de Glucoza Street, Business Center Novo Park 3, Building F, 5th and 6th floor, Bucharest, Romania
E-mail: contact@garantibank.ro

Contact: Mr. Adnan Ayman
Head of Financial Institutions Department
Phone: +40 21 208 92 81
Fax: +40 21 208 92 89
E-mail: adnan.ayman@garantibank.ro

Transition impact

ETI Score:75

PSD last updated

20 May 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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