BANCI | ENGLISH

The EBRD is considering providing a loan of up to €15.51 million to S.C. Aquatim

Autor: Bancherul.ro
2011-10-21 13:00

The EBRD is considering providing a loan of up to €15.51 million to S.C. Aquatim S.A. (the “Company”) to co-finance the rehabilitation of water and wastewater infrastructure in Timis county, said the bank in a press release.

The financing is a sub-project under the Bank’s €200 million Framework for Romania EU Cohesion Fund Co-Financing for regionalised water companies (the “Framework”).

The EBRD loan is part of a €118.9 regional investment programme that will include significant grant funding from the European Union, the government of Romania and the local governments under Romania’s Cohesion Fund Programme.

The investment will enable the Company to extend and rehabilitate the water and wastewater infrastructure in nine smaller towns and 34 communes in line with EU directives. As a result, about 460,000 people (approximately 70 per cent of the total population of Timis County) will benefit from improved water and wastewater services.

Transition Impact

The sub-project will support environmental improvements as well as the continued regionalisation of water and waste water services in Timis County, which will result in efficiency gains as well as the transfer of commercial and managerial skills to less-developed localities in the county. The Company will participate in a benchmarking programme alongside other borrowers under the Framework.
The Client

S.C. Aquatim S.A. has been a Bank client since 1995 under the Municipal Utilities Development Programme I (“MUDP”) and has already undergone significant reforms since then. The Company reorganised in 2007 into a regional water company, and will now expand its services to approximately 70 per cent of Timis County, including the City of Timisoara.

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

03.12.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Mitica Tararache, Cash loans department manager Raiffeisen Bank
Raiffeisen Bank

... vezi profil

Toate Profilele

Profil de Banca

CEC Bank

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Nu vor să aplice Legea 243/2024
Buna ziua, VĂ ROG MULT SĂ MĂ AJUTAȚI. Am încercat o soluție cu cu cei de la CSALB, cerere ... detalii
!
Era interesant de aflat cat a dat Casa regala din exedentul Casei in toate cele 7 razboaie in care ... detalii
plati online
ING respinge in mod constant platile facute online cu cardurile ... 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

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