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.
Low-cost carrier Wizz Air announced three new routes from Bucharest, two additional aircraft, and a permanent base that will be established in the Romanian capital at the Băneasa Airport. The new base will open starting April 1, 2025. The move will see the airline increase its Bucharest fleet to 21 aircraft. "Bucharest is of crucial importance […]
Shopping center developer Argo Capital sold Shopping City Suceava in northeastern Romania to M Core for an undisclosed sum. The property offers a leasable area of 43,100 square meters, hosting over 100 retailers. According to real estate consultancy company iO Partners, which advised Argo Capital, this marks the largest transaction in the past five years […]
“Language Buddy,” a project launched in the city of Brașov, aims to support young migrants and refugees in learning the Romanian language. The same project trains students as mentors in intercultural pedagogy. “Language Buddy” is a model simultaneously implemented in eight European countries (Greece, Italy, Romania, Bulgaria, Spain, Portugal, Malta, and Austria) and is based […]
President Klaus Iohannis and prime minister Marcel Ciolacu reaffirmed Romania’s intention to combat anti-Semitism and promote the memory of Holocaust victims with the occasion of the International Day of Commemoration of the victims of the Holocaust. The head of the Romanian executive attended the ceremony dedicated to the international day and the remembrance of the […]
Bucharest, Ilfov, and Timiș emerged as the regions with the highest number of registered mortgages in Romania in 2024, followed by Iași and Constanța. According to an analysis conducted by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania, roughly 86,600 mortgages were recorded nationwide last year, marking a 26.5% increase […]
Crevedia Retail Park, one of the largest strip malls in Romania, with a total leasable area of 11,400 sqm, opened on the Bucharest-Târgoviște road close to Bucharest on Monday, January 27. The total investment, by REPACO Capital and its partner Weststar Real Estate, amounts to EUR 15 million, partly co-financed by Banca Transilvania through an investment […]
