Translated version of this PSD: Romanian
Provision of a senior loan to Banca Transilvania SA in the amount of up to EUR 40 million (the "Loan") under the Green Economy Finance Facility (the "Facility") focusing on financing green investments in the residential sector in Romania. The financing will be used for on-lending to eligible sub-borrowers for investments in energy and resource efficiency measures in the residential buildings.
The Loan will be the first dedicated green economy financing loan of the Bank targeting the residential buildings in Romania. The proceeds of the Loan will be used to extend loans for residential energy efficiency projects in line with the objectives of the Romania Green Economy Financing Facility.
The Loan is expected to contribute to transition by (i) demonstrating the effects of green economy investments to Banca Transilvania SA and subiborrowers, market expansion by increasing the availability and access to residential green economy finance and high-performance green technologies and (ii) transfer of skills to Banca Transilvania SA, sub-borrowers and intermediaries for residential green economy projects.
BANCA TRANSILVANIA SA
Banca Transilvania SA was established in 1994 and is the second largest bank by total assets in Romania (as of December 2016). Banca Transilvania SA is listed on the Bucharest Stock Exchange since 1997 (with a current market capitalization of around EUR 2.2 billion).
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI. Banca Transilvania will be required to comply with the EBRD's Performance Requirements 2, 4 and 9 and apply the E&S requirements to the sub-projects under the Facility as well as submitting annual environmental and social reports to the EBRD.
The Loan will benefit from the Technical Assistance package implemented under the Facility.
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Text of the PIP
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