According to the Bank’s website, 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), 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.
Banca Transilvania S.A.
Mr. Omer Tetik
Chief Executive Officer
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