DCM SRT BCR (IFC-51080)

Countries
  • Romania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Sep 20, 2026
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.
Borrower
RSF SRT BCR
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 120.56 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 12, 2026

Disclosed by Bank Sep 22, 2026

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.

According to bank's website, the approved project consists of an SRT transaction in which IFC will provide to Banca Comerciala Romana S.A. (BCR or the Bank), a subsidiary of Erste Bank Group (Erste or the Group), an unfunded guarantee of up to RON343 million (US$80 million equivalent), on credit losses of an up to RON3,811 million (US$882 million equivalent) revolving reference portfolio from the Bank’s eligible corporate and small and medium enterprise (SME) credit exposures. The transaction structure entails IFC providing a guarantee on the second loss tranche of the reference portfolio, retained on the balance sheet of BCR, while the Bank retains the first loss and senior tranche (the Project). IFC’s guarantee will reduce the regulatory risk weights associated with the reference portfolio, freeing up capital to be used by BCR to support new lending toward sustainable and climate finance projects (70 percent) and mortgages to women (30 percent) in Romania. 

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: FI-2 - Limited 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed project consists of an unfunded guarantee of up to RON343 million (US$80 million equivalent), on credit losses of an up to RON3,811 million (US$882 million equivalent) revolving reference portfolio from the Bank’s eligible corporate and small and medium enterprise (SME) credit exposures.

IFC's Investment as Approved by the Board: US$ 120.56 million (guarantee)

                                       

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

BCR is the second-largest commercial bank in Romania, with total assets of $25.3 billion as of December 2024 comprising 13.7 percent of total banking sector assets, and is 99.9 percent owned by Erste Group. BCR offers a full range of financial products and services to its customers through a network of 20 corporate business centers and 317 retail units in most of the country’s cities above 10,000 inhabitants. Erste, the parent of BCR, is registered in Vienna, Austria, and its shares are listed on the Vienna Stock Exchange, Prague Stock Exchange, and Bucharest Stock Exchange. The Group consists of Erste Group Bank AG and its subsidiaries and savings banks based in its core market, Austria, together with subsidiaries in Croatia, the Czech Republic, Hungary, Romania, Serbia, and Slovakia. Erste serves 16 million customers through a regionwide network of 1,871 branches. As of December 31, 2024, Erste had 45,717 employees worldwide and total assets of €354 billion.    

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Erste Bank der oesterreichischen Sparkassen AG (Erste Group Bank) Parent Company Finance owns Banca Comerciala Romana S.A. Subsidiary Finance

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.

Project Team Leader: Elena Diana Nitu

Title: Sef Proiect - EXPERT DIGITAL 

Email: Diana.Nitu@bcr.ro 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works