PROJECT

Projects

Summary of Investment Information

Project Number

43227

Company Name

RAIFFEISEN BANK SA

Date SPI Disclosed

Dec 19, 2019

Country

Romania

Region

Europe

Projected Board Date

Dec 9, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Mar 8, 2025

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Dec 11, 2019
Signed : Dec 12, 2019
Invested : Dec 19, 2019

Sector

Commercial Banking - General

Project Description

The project entails a total financing package of up to RON720 million (approximately equivalent to US$169 million) for Raiffeisen Bank S.A. (“RBRO”, or “the Bank”), an existing IFC client in Romania. The package consists of the following components:

1)      Up to RON240 million investment in a Basel III compliant subordinated bond (B3T2) to be issued by RBRO as Tier 2 capital.

2)      Up to RON480 million senior loan.

IFC’s investment will help RBRO expand its lending to SMEs and mortgage borrowers in the country, including green mortgages, as well as its financing of SEF (sustainable energy finance) projects.

                            

Associated Advisory Engagement

                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation