BANCI | ENGLISH

The European Bank for Reconstruction and Development (EBRD) is providing loans to the water utility companies in Bacău and Maramureș counties

Autor: Bancherul.ro
2013-07-16 08:57

The European Bank for Reconstruction and Development (EBRD) is helping to provide safe water and improved sanitation for around half a million people in the Romanian counties of Bacău and Maramureș.

The Bank is providing loans of €16.4 million and €10.8 million respectively to the water utility companies in Bacău and Maramureș counties. The former includes a €6.2 million restructuring of an earlier EBRD loan to reflect the company’s transformation into a commercial regional operator.

These loans co-finance comprehensive regional investment programmes of €114.5 million in Bacău and €148.2 million in Maramureș, supported by EU grants as well as funding from the Romanian government and local governments under the EU Cohesion Fund.

The EBRD financing will enable the water firms to improve and expand water supply along with wastewater collection and treatment. It will also help to increase the efficiency and environmental sustainability of these operations. In addition, grant funding from the Spanish government and the EBRD Shareholder Special Fund will enable the Bank to engage experts who can provide technical advice to the companies to bring their operations in line with EU directives.

Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure said, "Quality of water means quality of life and by investing in improved services from water companies – safe water supply and better sanitation – the EBRD is investing in changing the lives of people in Romania."

The financing is part of the Bank's Regional Cohesion Fund Water Co-Financing Framework for Romania , launched in 2010 and subsequently extended in 2012. It is designed to support around 20 newly-created regional water utilities seeking EU Cohesion Funds. As a result of these investments Romania will be able to meet EU environmental directives, particularly in smaller towns, which would otherwise be difficult to finance on a stand-alone basis.

So far, 15 Romania counties have benefited from EBRD loans under the framework. Residents of Constanţa, Iaşi, Braşov, Buzău, Dâmboviţa-Târgovisţe, Brăila, Sibiu, Timiş, Covasna, Bistriţa, Târgu-Mureş, Galaţi, Satu Mare, Vâlcea and Prahova will have permanent access to safe water and better sanitation after completion of the EBRD co-financed improvements.

Since the start of its operations in the country the EBRD has invested approximately €6.2 billion across over 330 projects in Romania and has further mobilised over €12 billion for these ventures from other sources of financing.

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

23.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Roxana Cristea, Head of Lending
ING Bank

... 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

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
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