The proposed project involves an IFC investment of up to EUR120 million (approximately US$146 million) in a Basel III compliant subordinated bond issued by Banca Transilvania S.A. (“BT” or the “Bank”) as Tier 2 capital. The project aims to strengthen and diversify BT’s capital base (the “Project”). The project objectives are followed:
(i) Increasing competitiveness by support regional SME with active consolidation strategy;
(ii) Significant market creation effect through the issuance of the first bond of this type in Romania, helping set the standards for future issuances;
(iii) Increased access to finance for local SMEs, especially operating in less developed regions of the country.
BT is a Romanian bank with a market share of 13.9% in terms of assets as of December 31, 2017. BT was established in Cluj in 1994 at the initiative of local businessmen as a regional bank.
Currently, the bank operates through 550 offices with over 6,000 employees. BT entitles itself 'the Bank for Entrepreneurial People in Romania', and its mission is to support the development of the business environment, with a focus on MSMEs.
With its headquarter in Cluj. BT is listed on the Bucharest Stock Exchange since 1997 and has a diversified shareholding structure with 49% foreign and 51% Romanian shareholders.
1/ The Project Contact
Banca Transilvania S.A.
Name: Mihaela Nadasan
Title: Executive Manager, Head of FI and International Relations
Phone number: +40(0)264.407.150
Address: Banca Transilvania, Str. G. Baritiu 8, Cluj-Napoca, Romania
2/ The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
ACCOUNTABILITY MECHANISM OF IFC
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