Banca Transilvania - Senior Loan for SMEs

Location:

Romania

Project number:

42967

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

10 Jul 2012

Status:

Complete

PSD disclosed:

22 Oct 2012

Translated version of this PSD: Romanian

Project Description

The EBRD extended a EUR 20 million loan to Banca Transilvania to be on-lent to SMEs in Romania. The proceeds of the credit line will be used by Banca Transilvania to support SMEs by providing medium and long-term finance.

In addition, the EBRD provided a SME Energy Efficiency Facility of EUR 10 million to Banca Transilvania for supporting investments in energy efficiency and small scale renewable energy projects undertaken by SMEs. This loan is extended under the EBRD’s Romania SME Sustainable Energy Financing Facility (RoSEFF) already made public on 12 August 2011.

Transition Impact

Transition impact potential derives from the funding support for SME lending, which is currently limited in Romania, especially for long-term loans. Supporting the growth of Banca Transilvania, a locally owned independent bank, will also strengthen the banking sector in the context of current difficult market conditions.

The Client

Banca Transilvania is the largest private locally owned Romanian bank and the fourth largest in the Romanian banking system with a market share of 7.8% by total assets. As at 30 June 2012, the bank had a total balance sheet of EUR 6,511 million, equity of EUR 573 million and net profit of EUR 41 million.

EBRD Finance

SME loan: A senior loan for up to EUR 20 million extended by the Bank to Banca Transilvania.

SME Energy Efficiency Facility: A senior loan for up to EUR 10 million extended by the Bank to Banca Transilvania.

Project Cost

Up to EUR 20 million for the SME loan.

Up to EUR 10 million for the SME Energy Efficiency Facility.

Environmental Impact

Categorised FI. Banca Transilvania will be required to continue to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending. 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

No technical cooperation is envisaged for the SME loan.

Technical assistance financed by the EU will be granted under the SME Energy Efficiency Facility.

Company Contact

Banca Transilvania
Cluj-Napoca, George Baritiu Street, no. 8
E-mail: bancatransilvania@bancatransilvania.ro

Contact: Ms. Mihaela Nadasan – Executive Director, Head of FI & International Relations
Phone: +40 264 301 107
Fax: +40 264 407 179
Email: mihaela.nadasan@btrl.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

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