Unfunded risk-sharing framework for Banca Transilvania and Raiffeisen Bank New EBRD guarantee product for Romanian banks to expand businesses’ access to finance EBRD to guarantee up to 65 per cent of each individual sub-loan by two lenders The European Bank for Reconstruction and Development (EBRD) is launching a new risk-sharing framework for Romanian banks, with Banca Transilvania and Raiffeisen Bank the first to benefit. The risk-sharing framework is designed to allow the EBRD to share partner banks’ exposures to local enterprises through either funded or unfunded risk participation. The facilities to both Banca Transilvania and Raiffeisen Bank are provided on an unfunded risk participation basis, which makes it more akin to a guarantee. The EBRD will guarantee up to 65 per cent of each individual sub-loan provided by the two lenders to eligible clients. Its commitment under the respective agreements could reach up to €150 million to Banca Transilvania and €100 million to Raiffeisen Bank. Mark Davis, EBRD Regional Director for Romania and Bulgaria, said: “We want to ensure that `businesses in Romania have access to a more diverse range of financing sources that suit their needs. Risk-sharing is a new instrument in our toolbox as we continue providing finance that encourages investment and economic growth. I am pleased that our two strong partners Banca Transilvania and Raiffeisen Bank have already signed up.” The EBRD is a leading institutional investor in Romania. To date, the EBRD has invested €9.5 billion through 485 projects in the country, where some 77 per cent of the EBRD’s investments are in the private sector.
Classix Festival has unveiled the full concert schedule for its sixth edition. Organized by the Creative Industries Association and Showberry, the event will take place in Iași from February 23 to March 2, and tickets are already available on the official website. The 2025 edition will feature nine concerts over eight days in some of […]
Bucharest mayor Nicuşor Dan said that the city will impose a fine of EUR 350 million if the vegetation across the entire surface of the restituted area of IOR Park is cleared. So far, Bucharest City Hall has issued a fine of EUR 35 million for the deforestation of one hectare of land. The fine […]
Bucharest will be among the European cities with the highest increase in heat-related death rates by 2099, according to a pan-European study published by Nature. The study involving numerous researchers from institutes across Europe modeled the effects of global warming on the densely populated cities of the continent. They estimated the effects in terms of […]
The members of the Brewers of Romania Association elected Mihai Voicu, General Manager of Bergenbier SA, part of the Molson Coors Beverage Company group, as president. He took over this position on January 1, 2025, from Michal Mrowiec, president of URSUS Breweries, who has held the role since January 1, 2024. “I am delighted to […]
Cluj-Napoca and Sibiu topped the rankings of the T.R.A.I. index by Storia in 2024, the first with the highest total score based on objective indicators such as traffic, landmarks, air quality, and property prices, while the second had the best score when considering 13 subjective criteria rated by the city's residents. The T.R.A.I. index integrates […]
Bucharest mayor Nicușor Dan announced that he would submit a series of proposals to the government and political party leaders aimed at amending legislation concerning the allocation of funds between the General City Hall and the district mayors of the capital. The proposals were drafted by the experts of the Bucharest City Hall following the […]
