PROJECT

Projects

Summary of Investment Information

Project Number

46493

Company Name

BANCA COMERCIALA ROMANA SA

Date SPI Disclosed

Jun 16, 2022

Country

Romania

Region

Europe

Projected Board Date

Jun 3, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Jun 3, 2022
Signed : Jun 6, 2022
Invested : Jun 14, 2022

Sector

Commercial Banking - General

Project Description

 The project entails an IFC investment of US$52 million (in Romanian Leu equivalent) in MREL (Minimum Requirement for own funds and Eligible Liabilities) eligible bonds to be issued by Banca Comerciala Romana (“BCR” or the “Bank”), an existing IFC client in Romania. The bonds are unsecured Senior Non-Preferred instruments and will be listed on the Bucharest Stock Exchange. The investment will be used to support the growth of the Bank’s housing portfolio including green mortgages.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation