PROJECT

Projects

Summary of Investment Information

Project Number

41641

Company Name

BT MICROFINANTARE IFN SA

Date SPI Disclosed

Sep 20, 2019

Country

Romania

Region

Europe

Projected Board Date

Oct 21, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Dec 24, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 12, 2019
Signed : Dec 24, 2019
Invested : Mar 31, 2021

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed project involves a straight senior loan of up to US$16 million equivalent in RON, to be provided to BT Microfinantare IFN SA (“the Company” or “BT Mic”), a fully-owned subsidiary of Banca Transilvania S.A. (“BT” or “the Bank”). The proceeds of the loan will be used to support the Company’s local currency financing of micro and small enterprises (MSEs) in Romania with at least 50% of the proceed used to support lending to women owned or managed micro and small enterprises.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation