As stated on the project disclosure page, the IFC is considering an investment of up to EUR100 million in a privately placed subordinated bond CRR compliant (B3T2) of Banca Transilvania S.A., the largest bank in Romania and IFC’s long-time partner, which will be listed on the Bucharest Stock Exchange. The Bond will undergo closed subscription and be subscribed by IFC and investors mobilized by IFC. The IFC use of proceeds is residential mortgages, with at least 80% earmarked to green mortgages.
The IFC categorized the project as FI-3.
As stated by the IFC, the Bank was established in 1993 as a small regional bank, at the initiative of a group of local businessmen and became the largest bank in Romania with a market share in assets of 19 percent as of December 2022. Currently, the Bank operates through circa 500 units with more than 9,000 employees and has a mission to support the development of the business environment, with a focus on SMEs.
BT is listed on the Bucharest Stock Exchange and owned by a diverse pool of international and local investors, both institutional and private individuals.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - Banca Transilvania S.A.:
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