PROJECT

Projects

Summary of Investment Information

Project Number

49110

Company Name

BANCA TRANSILVANIA SA

Date SPI Disclosed

Oct 8, 2024

Country

Romania

Region

Europe

Projected Board Date

Jun 30, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 8, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Sep 4, 2024
Signed : Sep 23, 2024
Invested : Oct 1, 2024

Sector

Commercial Banking - General

Project Description

The Project comprises an investment of up to EUR 150 million (in EUR or US equivalent) in openly syndicated bonds to be issued by Banca Transilvania SA (BT or the Bank), the largest bank in Romania and IFC’s long standing partner. IFC will invest in publicly listed instruments which will be MREL-eligible and ranked senior non preferred or senior preferred (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation