ProCredit Bank Romania - A/B Loan

Location:

Romania

Project number:

39038

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

22 Jul 2008

Status:

Complete

PSD disclosed:

20 Jun 2008

Project Description

ProCredit Bank Romania (PCBR) is a specialist microfinance bank established in 2002 with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Romania. PCBR disbursed almost 90,000 loans to Romanian MSEs for amount of over EUR 520 million.

The proposed project comprises a senior syndicated A/B loan up to €60 million including an EBRD A loan of up to EUR 15 million, while the B Loan will be financed by commercial lenders.

Transition Impact

The new financing will further assist PCBR in accessing international loan markets thus contributing to diversification of the commercial funding base and providing even greater access to MSEs. The project is expected to have a significant impact on the transition process. PCBR will continue to provide support to MSEs that would otherwise have limited access to formal sector finance which includes agricultural MSEs and those MSEs in rural areas. PCBR also supports the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.

The Client

ProCredit Bank Romania was established in April 2002 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally.

As of December 2007, PCBR operated through 37 branches. Further branch network expansion is planned. From its establishment.

EBRD Finance

EBRD will provide an A loan of up to EUR15 million.

Project Cost

Total project cost will be up to EUR 60 million, of which up to EUR 15 million will be EBRD’s share.

Environmental Impact

ProCredit Bank Romania carries out its operations in accordance with the EBRD's “Environmental Procedures for Small and Micro Loans”. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements.

Technical Cooperation

The technical assistance (TA) for establishment of PCBR and for the acceleration of the regional expansion nationwide was provided by the US/EBRD SME Finance Facility, KfW and the by the Luxembourg government over the 2001 – 2005 period for a total amount of EUR 3.4 million. Full graduation from the EBRD’s technical contracts took place in January 2006. No further technical assistance funds are provided.

Company Contact

Gian Marco Felice
General Manager
ProCredit Bank Romania

Tel: + 40 21 201 6000
Fax: + 40 21 201 6002
Email: gm.felice@procreditbank.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

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