📋 Tender Overview
Project ID: 55211
Status: Disbursing
Location: Romania
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: BE
Approval Date: 06 Nov 2024
Disclosure date: 15 May 2025
Project Description
Provision of a subordinated Tier 2 loan of up to EUR 50 million to Garanti Bank Romania S.A. ("GBR"). The loan is compliant with the European Union's Capital Requirements Regulation and Capital Requirements Directive IV (commonly referred to as CRR/CRD IV or Basel III). In addition, the loan aims to support GBR in building the funding base for the minimum requirement for own funds and eligible liabilities ("MREL").
Project Objectives
EBRD is seeking to support the resilience of GBR, by contributing to the optimisation of its capital structure through the increase of Tier 2 capital and thus support the bank's growth plans. Moreover, the proceeds from the loan will be used by GBR to support investments in the green economy in Romania, in line with EBRD's Green Economy Transition approach.
Transition Impact
ETI score: 65
The transition impact of the project stems from the following qualities:
Green - GBR will be allocating 170% of the loan's proceeds towards eligible green projects under the EBRD's GET framework, further advancing the Bank's green agenda in Romania.
Resilient - the Project contributes to strengthening GBR's capitalisation and increasing its capacity to recapitalise and absorb potential losses, thus promoting the resilience of the Romanian banking sector and facilitating continued flow of lending to the economy.
