The European Investment Bank Group (EIB Group), which includes the European Investment Bank (EIB) and the European Investment Fund (EIF), has enhanced its long-term partnership with Banca Transilvania (BT) through a synthetic securitisation and new lending commitments, according to devdiscourse.com.
Under this arrangement, BT commits to providing over RON 2.64 billion in fresh lending to SMEs and mid-caps over a three-year period. At least 20% of this financing will be allocated to projects aligned with climate action and environmental sustainability, underscoring the commitment of both BT and the EIB Group to supporting the transition to a low-carbon economy.
“This transaction with Banca Transilvania underscores our commitment to supporting Romanian businesses, enabling them to grow optimally even in challenging times. We are pleased that Banca Transilvania trusted our proven expertise for their first securitisation transaction, and together, we are creating new opportunities for the Romanian economy by leveraging securitisation to promote sustainable investments,” said Marjut Falkstedt, EIF Chief Executive.
“The EIB’s participation will signal to other international financial institutions and contribute to the development of Romania’s capital market,” said EIB Vice-President Ioannis Tsakiris.
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