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.
HILS Development has announced a EUR 200 million investment in a new large-scale mixed-use residential project in northern Bucharest, marking the company’s expansion into one of the capital’s most dynamic growth areas. The development, called HILS Nord, will span 10 hectares near Lake Șaulei and feature 2,705 apartments alongside green spaces, retail areas, and other […]
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Honor appointed Kerr Cheng as the new country manager for Romania, placing him at the helm during a “key phase” of the brand’s expansion in Central and Eastern Europe. The company said Romania remains one of its most dynamic and strategically important markets in the region, and Cheng will be responsible for accelerating local growth […]
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The forests around the mountain city of Brașov and the Postăvaru Massif may be home to the largest densities of large owls in the world, according to a study by biologist Călin Vasile Hodor from Wildlife Management Consulting and professor Dan Traian Ionescu from the Faculty of Forestry Brașov, as quoted by BizBrasov.ro. The study […]
