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As stated by the IFC, the proposed investment is an up to EUR40 million senior unsecured loan to Garanti BBVA Romania (“GBRO or the “Bank”) for a tenor of up to 5-years, to be disbursed in EUR. The loan proceeds will be entirely used to finance women-owned micro small and medium size enterprises in Romania (W-MSMES), as defined per IFC’s eligibility criteria. The Project is expected to be supported by the Women Entrepreneurs Opportunity Facility (WEOF).
As stated by the IFC, GBRO is a mid-sized universal bank in Romania, ranking 10th out of 32 banks in the market, with a market-share of 1.9% in terms of assets. GBRO operates through a country wide network of 71 branches across Romania, employing 1,020 staff members. GBRO is fully owned by Garanti BBVA Turkey (TGB).
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 - Garanti Bank S.A.
Mr. Adnan Ayman - Head of Financial Institutions
Phone: +40 (21) 208 92 81
Email: adnan.ayman@garantibbva.ro
Address: 5 Fabrica de Glucoza, Novo Park 3 Business Center, F building, District 2 Bucharest, Romania
Website: https://www.garantibbva.ro/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