The European Bank for Reconstruction and Development (EBRD) is increasing its exposure to Banca Transilvania by a further Ђ7.5m, as part of a financial arrangement that also includes a syndicated loan from several investment banks worth Ђ15m. The Ђ22.5m funding contract was signed.
A little while before that, Banca Transilvania had received Ђ10m from Netherlands Development Finance Company (FMO) for seven years, with the money scheduled to be used for loans to small- and medium- sized enterprises SMEs. The syndicated Ђ15m loan would be the third such arrangement the Romanian bank gets after those secured by BCR (US$200m) and Raiffeisen Bank (US$250m) this year.
