The proposed project envisages providing a EUR 100 million loan with a maturity of 5 years to Banca Transilvania, a leading privately owned Romanian bank to provide long-term funding to the SMEs. The EUR 100 million loan will allow Banca Transilvania to continue providing SME loans, thus ensuring the continued availability of funding to SMEs at a time of increasingly limited access to bank finance. More than 7,500 SME clients stand to benefit from the new EBRD funds.
The transition impact of this project stems from assisting a locally owned independent bank to adjust to current difficult market conditions, adapt to the more challenging external funding environment and continue to support the SME sector in Romania.
Banca Transilvania is the largest private locally owned Romanian bank and the fifth largest in the Romanian banking system with a market share of 5.6%. As at 30 September 2008, the bank had a total balance sheet of EUR 4,346 million, equity of EUR 437 million and net profit of EUR 106 million.
EUR 100 million on a maturity of 5 years.
EUR 100 million.
BT will continue to comply with EBRD's Environmental Procedures for Intermediated Financing through Local Banks, including adherence to the Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety and public consultation requirements, and submission of annual environmental reports to the EBRD.
Cluj-Napoca, George Baritiu Street, no. 8
Contact: Mihaela Nadasan - Director, International Relations
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