GEFF - Romania - UCBRO and UcFin loan (EBRD-49291)

Countries
  • Romania
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
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
UNICREDIT CONSUMER FINANCING IFN SA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 27.21 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 23 million
Converted using 2017-10-12 exchange rate.
Project Cost (USD)
$ 35.49 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 30 million
Converted using 2017-10-12 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 27, 2017

Disclosed by Bank Oct 12, 2017


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Project Description
This project provides funding to UniCredit Bank SA and UniCredit Consumer Financing IFN SA to provide financing for investments in energy and resource efficiency measures in the residential buildings.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
UniCredit Bank SA, a subsidiary of UniCredit SpA, was established in 2007. It offers universal banking services and is the fifth largest bank in Romania in terms of total assets, with a market share of 8 per cent as of 1Q 2017. UniCredit Consumer Financing IFN SA was founded in 2008 as part of UniCredit Group in Romania, operates as a non-banking financial institution and is one of the market leaders in consumer finance in Romania.
Contact Information
Gabriel Carmen Tinta Gabriel.Tinta@unicredit.ro 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 pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.