Project Name：EBRD Financial Intermediary Investment Special Fund—Small Business Account—Phase III—Suproject 3: ProCredit Bank (Romania)

Project status：Completed projects

Cooperating Country：Eastern Europe, Romania

Project Description：

A syndicated loan was provided to PCBR to support its MSME loan portfolio development.

Implementation Start Date：2014-07-24

Implementation End Date：2019-07-25

Project Objectives：

This project is the second syndicated transaction in the financial sector in Romania since the global financial crisis, aimed at re-opening the syndications market for Romanian commercial banks.
The project supports PCBR in its MSME loan portfolio development in order to overcome the impact of the recent economic deterioration and to return to profitability.

Implementation Arrangement：

Sub loans are on-lent by PCBR to the local micro and small enterprise development.  Each sub-loan will be subject to the bank’s approval granted by the Bank on its sole discretion following compliance with the eligibility criteria, due diligence results and sign-off by the Credit Advisors.

Signing Date：2011-11-14

Projected Benefits：

1. MSME development in Romania.
2. Market expansion and greater competition in the banking sector.
3. Setting standards of business conduct.
4. Re-opening of international syndications market and demonstration effect.