BANCI | ENGLISH

EBRD €10 million loan to Romania’s UniCredit Tiriac Bank for on-lending to small and medium-sized enterprises (SMEs)

Autor: Bancherul.ro
2013-07-22 17:09

EBRD press release:

The European Bank for Reconstruction and Development (EBRD) is providing €10 million in new financing to Romania’s UniCredit Tiriac Bank S.A. for on-lending to small and medium-sized enterprises (SMEs) investing in industrial energy efficiency and small-scale renewable energy projects.

The loan is extended under the EBRD’s Romania SME Sustainable Energy Financing Facility (RoSEFF), a key instrument for promoting the rational use of energy, particularly given the current liberalisation of the domestic energy market, as a means to cut bills and boost the competitiveness of SMEs.

“There is substantial potential in Romania to achieve energy savings and the EBRD long-term loan helps reduce the number of barriers that the private sector still faces in obtaining financing for energy efficiency projects,” said Sylvia Gansser-Potts, EBRD Director for Financial Institutions, EU Banks.

“UniCredit Tiriac Bank’s commitment and track record in financing SMEs, combined with the EBRD’s proven experience in implementing energy efficiency programmes, provides a strong basis for success in this new partnership,” said Rasvan Radu, CEO of UniCredit Tiriac Bank.

Along with technical assistance and investment incentives financed by the European Union, the EBRD loan comes at a time when the Romanian private sector faces an even greater need for long-term financing, affected as it is by the eurozone crisis and the scarcity of funding.

The €10 million loan comes under the Joint IFI Action Plan for Growth in Central and South Eastern Europe launched in November 2012 by the EBRD, the European Investment Bank Group (EIB Group) and the World Bank Group. The plan is a direct response to the continuing impact of eurozone problems on the economies of emerging Europe and includes total commitments of €30 billion over the period 2013-14.

To date, the EBRD has invested approximately €6.3 billion in projects across Romania, mobilising over €13 billion of further financing for these ventures from other sources.

Since the launch of the EBRD’s Sustainable Energy Initiative in 2006, the Bank has provided over €645 million for sustainable energy investments in Romania, with a total project value approaching €3.9 billion.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

21.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Cornel Fratica, Retail Banking Manager
Garanti BBVA

... vezi profil

Toate Profilele

Profil de Banca

CPBR

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

LOAN OFFER
Buna ziua Aceasta pentru a informa publicul larg că oferim împrumuturi celor care au nevoie de ... detalii
!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126