PROJECT

Projects

Summary of Investment Information

Project Number

31613

Company Name

BANCA TRANSILVANIA SA

Date SPI Disclosed

Apr 27, 2012

Country

Romania

Region

Europe

Projected Board Date

May 31, 2012

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Mar 4, 2013
Signed : Apr 2, 2013
Invested : Apr 30, 2013

Sector

Commercial Banking - General

Project Description

The proposed project comprises an IFC investment in a subordinated convertible bond to be issued by Banca Transilvania S.A. (“BT” or the “Bank”) – a long standing client of IFC. BT is the third largest bank in Romania with total assets of EUR6 billion, equity of EUR537 million, and net income of EUR54 million as of the end of December 2011. This new IFC investment is aimed at supporting a bank committed to fulfill the funding needs and is designed to strengthen the Bank’s capitalization.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation