Project Description
The EBRD is considering a senior loan for up to EUR 100 million in one tranche to BCR to be on-lent by BCR to SME companies in Romania. The proceeds of the credit line will be used by BCR to provide medium and long-term financing to private companies for production, investment, trade, services and working capital needs.
Transition Impact
Transition impact potential derives from the funding support for SME lending which is currently limited in Romania. Availability of financing for short, medium and long-term SME lending will further build up on the successful implementation of the other credit lines granted by the EBRD to BCR in the past. Supporting the growth of BCR will also strengthen the banking sector under the current global crisis.
The Client
Banca Comerciala Romana (BCR), part of the Erste Group, a private commercial bank organised and functioning under the law of Romania. As of end-2008, BCR’s total micro and SME portfolio amounted to more than EUR 2.6 billion (unaudited). As of the same date, BCR’s micro and SME market share was above 20%. Its client base was comprised of more than 4.5 million clients, both companies and individuals.
EBRD Finance
A senior loan for up to EUR 100 million extended by the Bank to BCR.
Project Cost
Up to EUR 100 million.
Environmental Impact
BCR will be required to continue to comply with the EBRD's Environmental Procedures. This will include adherence to the EBRD's Environmental and Social Exclusion Lists, the Environmental Risk Categorisation List (as revised in 2008) to be applied to all sub-loans under the Bank's financing, and submission of annual environmental and social reports to the Bank.
Technical Cooperation
BCR benefited in the past years from technical assistance granted to implement SME facilities provided by the EU. BCR currently benefits of TC for Energy Efficiency and Compliance Support Facilities. No TC is envisaged for the proposed transaction.
Company Contact
Mrs. Loredana Rautu
Head of Financing Programs Department
Public and Infrastructure Financing Division
Tel. +40 37 351 6501
E-mail: loredana.rautu@bcr.ro
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
