Garanti Bank S.A. Romania - Bond Issue



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

07 May 2014



PSD disclosed:

03 Jun 2014

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


Company Contact

Garanti Bank SA
5 Fabrica de Glucoza Street, Business Center Novo Park 3, Building F, 5th and 6th floor, Bucharest, Romania

Contact: Mr. Adnan Ayman
Head of Financial Institutions Department
Phone: +40 21 208 92 81
Fax: +40 21 208 92 89


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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