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.
The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical setting of Bran Castle on June 7 and 8. For the first time in the festival's history and that of the famous Bran […]
Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide dogs. The law, initiated by deputy Oana Țoiu and senator Silvia Dinică, was adopted by Parliament in mid-April. "From now on, people with disabilities can be accompanied by guide […]
Voxa, the leader among audiobook and e-book streaming applications in Romania, has embarked on an international journey by extending its operations in Italy. Starting on May 15, the service will be available to Italian listeners with a library of over 100,000 titles in Italian and English. By the end of the year, Voxa plans to […]
Premier Restaurants Romania, the operator of local McDonald's restaurants, said it plans to open seven new locations in 2024. At the same time, it will continue the modernization and digitization projects of existing restaurants. In 2023, Premier Restaurants opened six restaurants in Bucharest, Botoșani, Drobeta-Turnu Severin, Craiova, Pitesti, and Dumbrăvița and continued remodeling and digitization […]
Last year, internet users in Romania registered an average download speed of 587 Mbps for fixed cable internet, an increase of approximately 10% compared to 2022, and an average upload speed of 548 Mbps, an increase of 20%, according to statistics compiled by ANCOM based on tests conducted on the Netograf platform. There was also […]
Bucharest hosts the 12th edition of the Global Forum on Modern Direct Democracy this week, from May 15 to 18. The event features dozens of electoral debates and sessions on multiple topics related to the level of trust in democracy, attracting participants from around the world. The Global Forum on Modern Direct Democracy is a […]
