Project Description
The EBRD is considering providing a syndicated senior loan of up to €18 million to ProCredit Bank Romania (“PCBR”) for on-lending to small and medium enterprises (SMEs) in Romania.
The financing will be structured under the EBRD’s A/B loan scheme. The EBRD will provide up to €5 million from its own account, while another €5 million is expected to be provided on parallel basis by TaiwanICDF and €8 million will be syndicated to the market on a best efforts basis.
Transition Impact
The project will increase the availability of medium-term funding for Romanian SMEs as well as will support the competition in the banking sector.
The Client
ProCredit Bank Romania (“PCBR”) is a specialist microfinance bank in Romania and a part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally. It is owned by ProCredit Holding, Commerzbank, IFC, KfW, IPC and EBRD.
EBRD Finance
Up to €5 million as an A-loan.
Project Cost
Up to €11.4 million.
Environmental Impact
Categorised FI. PCBR will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) and implement sub-projects in accordance with the Bank’s Environmental and Social Procedures for Small and Micro Loans. PCBR will also be required to submit annual environmental and social reports to the EBRD.
Technical Cooperation
None.
Company Contact
Dr. Ilinca Rosetti
Chairperson of the Executive Board
ProCredit Bank Romania
Head Office - Fabian Office Center - Bucharest
Phone: +4021 201 6000
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
