BCR - SME and Medium Corporate Credit Line

Location:

Romania

Project number:

43805

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

18 Dec 2012

Status:

Repaying

PSD disclosed:

16 Oct 2012

Translated version of this PSD: Romanian

Transition Impact

The EBRD is considering a senior loan for up to EUR 80 million in two tranches to Banca Comerciala Romana (BCR) to be on-lent by BCR to SME and Medium Corporates 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.

The Client

Transition impact potential derives from the funding support for SME and Medium Corporates lending which is currently limited in Romania. Availability of financing for short, medium and long-term SME and Medium Corporates 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.

EBRD Finance

A senior loan for up to EUR 80 million extended by the Bank to BCR.

Project Cost

Up to EUR 80 million.

Environmental Impact

This proposed project has been classified FI. BCR will be required to continue to comply with 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

BCR benefited in the past years from technical assistance granted to implement SME facilities provided by the EU. BCR currently benefits of TC for two Energy Efficiency 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

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