PROJECT

Projects

Summary of Proposed Investment

Project Number

30441

Company Name

GARANTI BANK SA

Date SPI Disclosed

May 23, 2011

Country

Romania

Industry

Financial Markets

Projected Board Date

Jul 14, 2011

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Aug 5, 2011
Signed : Sep 30, 2011
Invested : Oct 18, 2011

Project Description

The project would involve a senior loan of up to EUR22.5 million to a newly established bank in Romania – Garanti Bank SA, Romania (the “Bank”) for the purpose of on-lending in small and medium enterprises market. The banking sector is short of supporting small and medium enterprises due to the effects of the financial crisis and lowered liquidity which deteriorated asset quality of the banks in Romania.

Sponsor / Cost / Location

Development Impact