BANCI | ENGLISH

EBRD has launched a €150 million programme to back medium- to long-term bonds issued by the Romanian financial institutions

Autor: Bancherul.ro
2013-07-02 12:35

EBRD press release:
In a move to support the development of Romania’s capital markets, the EBRD has launched a €150 million programme to back medium- to long-term bonds issued by the country’s financial institutions.

The Bank’s first investment under this framework has been made in an inaugural local currency bond issued by UniCredit Tiriac Bank. The EBRD subscribed 20 per cent of the Romanian bank’s RON 550 million (€121 million equivalent) five-year unsecured issue, which attracted over 30 investors.

Domestic institutional investors subscribed to over half of the bond’s volume.

The EBRD’s Financial Institutions Bond Market Framework for Romania covers investments in negotiable debt securities issued by local banks and non-bank financial institutions.

This type of financing is aimed at enabling financial intermediaries to diversify their funding sources and ensure a better match between their assets and liabilities.

The Framework will contribute to overcoming barriers hindering the development of the corporate bond market in Romania by fostering successful non-sovereign bonds and encouraging issues that are large enough to be liquid and attract institutional investors.

“We are pleased to support UniCredit Tiriac Bank’s first local currency bond issue and one of the first bond issues by a commercial bank in Romania since the onset of the crisis,” said Nick Tesseyman, EBRD Managing Director for Financial Institutions.

“We believe that this will pave the way for other financial institutions to access bond markets for financing, thus contributing to the development of the local capital market in Romania, while this new framework for Romania will allow the EBRD to join forces with local financial partners in supporting their bond issues,” he added.

Rasvan Radu, CEO of UniCredit Tiriac Bank, said: “We welcome the EBRD's investment in our premier bond issuance, which shows commitment to our institution, the Romanian capital market and the economy as a whole.

The involvement of international financial institutions, such as the EBRD, and the fact that our offering was oversubscribed in challenging market conditions, proves the good potential of the corporate bond segment in Romania."

The new framework is in line with the Local Currency and Local Capital Markets Development Initiative launched by the EBRD in May 2010 with the aim of supporting reforms and policies in the Bank’s countries of operations that encourage increased use of local currency as well as the development of local capital markets.

The €150 million programme 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 two years.

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

Dan Emilian Croitoru, Director executiv adjunct Directa Retea corporate si sector public
BCR

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

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