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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Romania : € 20,000,000
Credit lines : € 20,000,000
Signature date(s)
24/10/2006 : € 20,000,000
Link to source

Summary sheet

Release date
23 August 2006
Status
Reference
Signed | 24/10/2006
20060287
Project name
Promoter - financial intermediary
Bancpost Global Loan

Bancpost
Bucharest, Romania

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 20 million.
Not Applicable.
Location
Sector(s)
Description
Objectives

Small- and medium-scale projects in the fields of environmental protection, energy/energy savings, infrastructure, development of a knowledge-based economy, industry, services and tourist industry in Romania.

The loan targets the financing of SME’s, public sector authorities including municipalities and projects of private and public promoters of any size and ownership in the fields of i2i, energy and environmental protection, Mid-cap enterprises.

Environmental aspects
Procurement

Romania is gradually introducing environmental legislation in view of harmonizing its environmental standards with EU regulations. Within the framework of the global loan, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.

Gradually being harmonized with EU regulations. Borrower will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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