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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
