Raiffeisen Bank Romania Syndicated Loan

Location:

Romania

Project number:

42649

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

12 Jul 2011

Status:

Complete

PSD disclosed:

10 Jun 2011

Translated version of this PSD: Romanian

Project Description

Raiffeisen Bank Romania (“RBRO”) is planning to raise a syndicated loan under the EBRD A/B loan structure in the minimum amount of €90 million to be used for general funding purposes including trade related transactions. The EBRD is considering providing up to €40 million in the form of an A-loan.

The Project, if its funding is approved by the EBRD Board of Directors, will be aimed at facilitating RBRO’s first syndication to support its loan portfolio development and maintain a strong market position by diversifying its funding sources.

Transition Impact

Once approved by the Board of Directors, the EBRD’s involvement in the transaction will support the Romanian banking sector in its recovery from the global financial crisis. In particular, it will seek to support a systemic bank diversify its funding sources and access the international debt market. This will enable RBRO to maintain and expand its lending activities.

The Client

RBRO is the third largest bank in Romania with a 6.4 per cent market share in terms of assets. It is owned by Raiffeisen Bank International Group. It is a universal bank offering a wide range of products and services to corporate, retail and institutional clients through a network of 540 branches.

EBRD Finance

The EBRD is considering providing RBRO with an A-loan of up to €40 million and a Syndicated B-Loan of € 110 million.

Project Cost

The total amount of the loan will be €150 million.

Environmental Impact

Categorised FI. RBRO will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) which includes adherence to the EBRD's Environmental and Social Exclusion and Referral Lists and submission of annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Raluca Nicolescu, Raiffeisen Bank Romania

Tel: +(4021) 3061260
E-mail: raluca.nicolescu@raiffeisen.ro

Daniela Tsoneva, Raiffeisen Bank International

Tel: +43 1 71707-1297
E-mail: daniela.tsoneva@rbinternational.com

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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