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    Reference: 20230108
    Release date: 10 October 2023

    Promoter – Financial Intermediary

    BANCA TRANSILVANIA SA

    Location

    Description

    The operation consists of a synthetic securitisation guarantee on an existing portfolio of assets, which aims to stimulate new eligible lending to small and medium sized enterprises (SMEs) and mid-caps.

    Additionality and Impact

    Operation aims to help mitigate market failure of SME and Mid-Caps' insufficient access to long term funding for their investments at low financing costs.

     

    By addressing these market gaps, which are more acute in Romania compared to EU average, project in particular supports strengthening of EU's economic, social and territorial cohesion (a large majority of the allocations are expected to be implemented in cohesion regions) and it also mitigates gap in financing for small to mid-size Climate Action & Environmental Sustainability projects with a 20% green window.


    Furthermore, synthetic securitisation guarantee is a new & innovative capital management tool in the Romanian market. EIB's participation will create a signalling effect to other IFIs and hence contribute to the development of the capital market in the country.

     

    Finally, the availability of Green Gateway advisory support package would contribute to the capacity building at the Intermediary.


    Objectives

    The aim is to enable the financial intermediary to provide new loans to eligible beneficiaries. About 20% of the new portfolio allocations will be specifically dedicated to Climate Action & Environmental Sustainability.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    RON 1425 million (EUR 287 million)

    Total cost (Approximate amount)

    RON 3115 million (EUR 627 million)

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 22/12/2023

    Milestone
    Under appraisal
    Approved
    Signed
    11 December 2023
    22 December 2023

    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).

    Related tags

    Romania Credit lines