FIF - Credit Europe Bank Romania MSME L

Location:

Romania

Project number:

48650

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

30 Nov 2016

Status:

Complete

PSD disclosed:

28 Oct 2016

Translated version of this PSD: Romanian

Project Description

A senior loan to Credit Europe Bank (Romania) SA in the amount of up to EUR 40 million. The financing will be used for on-lending to eligible private micro, small and mediumsized enterprises (MSMEs) in Romania.

Project Objectives

The loan facility will support the business development plans of Credit Europe Bank (Romania) SA in the MSME sector, boosting access to finance for eligible MSMEs, in line with the EBRD's policies for MSME lending.

Transition Impact

The proposed project will contribute to market expansion through expansion of the MSMEs lendingmarket in Romania. The loan facility will improve access to finance for MSMEs in Romania, by providing long-term funding to Credit Europe Bank (Romania) SA.

Client Information

CREDIT EUROPE BANK (ROMANIA) SA

Credit Europe Bank (Romania) SA was established in 1993 and is providing a broad range of products and services for retail, MSME and corporate clients. Credit Europe Bank (Romania) SA has a 1.2 per cent market share in terms of total assets, and manages a network a 59 branches across Romania.

EBRD Finance Summary

EUR 40,000,000.00

A senior loan of up to EUR 40,000,000.

Total Project Cost

EUR 40,000,000.00

Environmental and Social Summary

Categorised FI. Credit Europe Bank (Romania) SA will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adopt and implement the Bank's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans and submit annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Irina-Alexandra Mateescu
irina.mateescu@crediteurope.ro
www.crediteurope.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

Share this page: