PROJECT

Projects

Summary of Investment Information

Project Number

46288

Company Name

BANCA TRANSILVANIA SA

Date SPI Disclosed

May 10, 2022

Country

Romania

Region

Europe

Projected Board Date

Jun 15, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Jun 13, 2022
Signed : Jun 24, 2022
Invested : Jun 30, 2022

Sector

Commercial Banking - General

Project Description

The proposed project is to provide a seven-year senior non-preferred (SNP) loan of up to EUR100 million equivalent to Banca Transilvania S.A. (BT or the Bank), to be disbursed in EUR or RON. The loan will comply with the EU’s Bank Resolution and Recovery Directive (BRRD), helping the Bank to achieve its regulatory MREL (Minimum Requirement for Own Funds) targets. The proceeds from IFC’s investment will be on-lent to eligible MSMEs in Romania and used for financing eligible blue projects in the country in line with IFC’s “Guidelines for Blue Finance”, including sustainable manufacturing, tourism, fishing; water treatment and management; sustainable agriculture irrigation practices; and other sectors that would contribute to sustainable use of water resources for economic growth.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation