Raiffeisen Bank Romania - Bond Issue

Location:

Romania

Project number:

46021

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

29 Jan 2014

Status:

Complete

PSD disclosed:

21 May 2014

Translated version of this PSD: Romanian

Project Description

The EBRD has subscribed RON 112.5 million in a fiveyear senior unsecured local currency bond issue of Raiffeisen Bank Romania S.A. The issue follows Raiffeisen Bank Romania S.A.’s successful placement of a three-year senior unsecured local currency bond in July 2013, in which the EBRD participated. The proceeds are envisaged to be used by Raiffeisen Bank Romania S.A. for general funding purpose, including the granting of loans to customers.

Transition Impact

The transition impact potential derives from supporting the third local currency bond issue in Bucharest Stock Exchange by Romanian commercial banks since the onset of the crisis, and is envisaged to contribute to development of the local capital market in Romania.

It also supports improved maturity structure of Raiffeisen Bank Romania S.A. by further extending the tenor of liabilities to better match the maturity of the underlying assets.

The Client

Raiffeisen Bank Romania S.A. is the sixth largest bank in Romanian banking system with a market share of 7.3% as of December 2013.

EBRD Finance

RON 112.5 million.

Project Cost

RON 500 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Raiffeisen Bank Romania S.A.
Sky Tower Building, 246C Calea Floreasca, Sector 1, Bucharest, Postal code 014476, Romania
E-mail: centrala@raiffeisen.ro

Contact: Funding Team
Balance Sheet and Portfolio Management
Treasury and Capital Market Division
Phone: +4021 306 1123
Fax: +4021 312 0273
E-mail: funding@raiffeisen.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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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