Translated version of this PSD: Romanian
The EBRD has subscribed RON 110 million in the local currency senior unsecured bond issue of UniCredit Tiriac Bank SA.
The proceeds are envisaged to be used for the general funding needs of UniCredit Tiriac Bank, which will include granting loans to customers.
The transition impact potential derives from supporting the first local currency bond issue of a Romanian commercial bank since the onset of the crisis, which is envisaged to contribute to the development of the local capital market in Romania.
UniCredit Tiriac Bank is the sixth largest bank in the Romanian banking system with a market share of 6.5% by total assets as of March 2013.
RON 110 million.
RON 550 million.
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.
UniCredit Tiriac Bank S.A.
Bd. Expozitiei 1 F, Sector 1, Bucharest, Romania
Contact: Mr. Gabriel Tinta
Head of ALM
Phone: +40 21 200 10 70
Fax: +40 21 200 19 12
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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.