Translated version of this PSD: Croatian
The EBRD has subscribed RON 46 million in the five-year local currency senior unsecured bond issue of Garanti Bank S.A.The proceeds are envisaged to be used for the general funding needs of Garanti Bank S.A, which will include granting loans to customers.
The transition impact potential derives from supporting the fourth local currency bond issue to be listed on the Bucharest Stock Exchange by Romanian commercial banks since the onset of the crisis, and is envisaged to contribute to the development of the local capital market in Romania. This transaction represents an inaugural local currency bond issue by Garanti Bank S.A on the Romanian market.
Garanti Bank S.A. is the 12th largest bank in Romania by total assets, with a 2% market share as of December 2013.
RON 46 million.
RON 300 million.
Categorised FI. Compliance with the EBRD's Performance Requirements 2 and 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending, including the EBRD's Environmental and Social Exclusion Lists and annual reporting.
Garanti Bank SA
5 Fabrica de Glucoza Street, Business Center Novo Park 3, Building F, 5th and 6th floor, Bucharest, Romania
Contact: Mr. Adnan Ayman
Head of Financial Institutions Department
Phone: +40 21 208 92 81
Fax: +40 21 208 92 89
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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