EBRD lends €50 million to Romanian bank Garanti BBVA Tier 2 subordinated loan will support Romania's banking sector stability Loan helps Garanti BBVA Romania support investments in the green economy The European Bank for Reconstruction and Development (EBRD) is lending €50?million to Romanian bank Garanti BBVA, to strengthen its funding base and allow the company to grow and expand its lending, with a focus on green economy investments, https://www.ebrd.com/ informs. In turn, Garanti BBVA will allocate an amount equivalent to 170?percent of the EBRD loan to local projects, supporting climate action and environmental sustainability, an EBRD priority. The EBRD loan, structured in compliance with the Capital Requirements Regulation and Capital Requirements Directive IV, will help strengthen and optimise the overall capital structure of Garanti BBVA Romania, enabling it to expand its lending capacity to the real economy. The loan reinforces Garanti BBVA’s adherence to environmental standards, advances its sustainable lending practices, and contributes to Romania’s shift to a low carbon economy, delivering lasting economic and environmental benefits. “We are delighted to partner with Garanti BBVA on this subordinated loan, which will strengthen the bank’s capital base and enhance its green lending capacity,” said the EBRD’s Kristina Zagar, Director of EU Banks & Structured Finance. "We are proud to strengthen our trusted partnership with the EBRD, through a project that delivers real impact for the future. This funding reflects our shared commitment to supporting the transition to a green economy. Both Garanti BBVA and the EBRD share the common goal of contributing actively to sustainable development, with a positive impact on the environment and society. Sustainability is not just a responsibility, but a true growth driver for Garanti BBVA – a strategic direction that guides all our actions dedicated to clients and communities," said Mustafa Tiftikcio?lu, Chief Executive Officer of Garanti BBVA Romania. The bank Garanti BBVA is part of the Garanti BBVA Romania Group, along with Garanti BBVA Leasing and Garanti BBVA Fleet Management, which complement the bank’s offering with specific leasing products and fleet management services. Garanti BBVA Romania is owned by Garanti BBVA Turkey (TGB), the second-largest private bank in Türkiye, having as majority shareholder, the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA). The EBRD is a leading institutional investor in Romania, with more than €11.6 billion invested in 560 projects to date. The EBRD’s support strengthens Romania’s green economy and accelerates the transition towards a low-carbon future, creating long-term benefits for both the economy and the environment.
Germany will provide more than EUR 500,000 this year to support teachers working in German-language education across Romania, the German Embassy in Bucharest announced. Through the Embassy, Germany is funding the project “Support for Teachers in German-Language Education in Romania” with a total of EUR 505,000. The initiative aims to promote the German language as […]
The British journalist and film producer Charlie Ottley, who is behind the Wild Carpathia and Flavours of Romania series, has obtained Romanian citizenship and is set to take the oath of allegiance this week. The National Authority for Citizenship announced that the oath will be taken by several foreigners on November 6. “The solemnity of […]
Romanian police and prosecutors conducted more than 200 searches across the country as part of the larger Jupiter 4 operation on Tuesday, November 4. The searches concern offenses like fraud, forgery of documents, counterfeiting, tax evasion, embezzlement, misappropriation of funds, and abuse of office, among others. “The Jupiter operation contributes to strengthening the efforts of […]
Evrotrust, a leading European Qualified Trust Service Provider (QTSP), has raised EUR 6.6 million in growth funding from 3TS Capital Partners to expand its operations in Romania. The investment, made from 3TS’s recently closed EUR 111 million Fund IV, will help Evrotrust bring EU-grade digital identity, e-signatures, and remote onboarding solutions to local businesses and […]
NATO secretary general Mark Rutte will make his first official visit to Romania on Wednesday, November 5, where he will be received by president Nicușor Dan at the Cotroceni Palace, the Romanian Presidency announced. The announcement comes after
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Sibiu-based engineering company Gess Engineering. Gess Engineering develops and implements complex vehicle testing, validation, and integration solutions. The company provides end-to-end services, from engineering and design, prototype testing, and performance analysis, […]
