GEFF - Banca Transilvania Romania (EBRD-49186)

  • Romania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 4, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 29.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 28,000,000.00
Converted using 2017-03-31 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 31, 2017

Disclosed by Bank Mar 30, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
PROJECT DESCRIPTION Provision of a senior loan to Banca Transilvania SA in the amount of up to EUR 40 million (the "Loan") under the Green Economy Finance Facility (the "Facility") focusing on financing green investments in the residential sector in Romania. The financing will be used for on-lending to eligible sub-borrowers for investments in energy and resource efficiency measures in the residential buildings. PROJECT OBJECTIVES The Loan will be the first dedicated green economy financing loan of the Bank targeting the residential buildings in Romania. The proceeds of the Loan will be used to extend loans for residential energy efficiency projects in line with the objectives of the Romania Green Economy Financing Facility. TRANSITION IMPACT The Loan is expected to contribute to transition by (i) demonstrating the effects of green economy investments to Banca Transilvania SA and subiborrowers, market expansion by increasing the availability and access to residential green economy finance and high-performance green technologies and (ii) transfer of skills to Banca Transilvania SA, sub-borrowers and intermediaries for residential green economy projects. CLIENT INFORMATION BANCA TRANSILVANIA SA EBRD FINANCE SUMMARY EUR 28,000,000.00 TOTAL PROJECT COST EUR 40,000,000.00 ENVIRONMENTAL AND SOCIAL SUMMARY Categorised FI. Banca Transilvania will be required to comply with the EBRD's Performance Requirements 2, 4 and 9 and apply the E&S requirements to the sub-projects under the Facility as well as submitting annual environmental and social reports to the EBRD. TECHNICAL COOPERATION The Loan will benefit from the Technical Assistance package implemented under the Facility. COMPANY CONTACT INFORMATION Mihaela
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Banca Transilvania SA was established in 1994 and is the second largest bank by total assets in Romania (as of December 2016). Banca Transilvania SA is listed on the Bucharest Stock Exchange since 1997 (with a current market capitalization of around EUR 2.2 billion).

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at

How it works

How it works