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Banca Comerciala Carpatica SA

Romania | Financial Institutions

Identification Code:: OP/05/0471
Total Operation Cost:: — EUR
Maturity:: 48 months
Operation Status:: BSTDB Approved Amount – Approval Date

10.000.000 EUR – 10 Jun 2006
: BSTDB Signed Amount – Signed Date

10.000.000 EUR – 23 Nov 2006
: Status:
Completed
Description and Purpose of the Operation:: BSTDB will provide an SME loan facility to Banca Comerciala Carpatica for financing the investment programs, working capital and export needs of micro, small and medium sized enterprises in Romania.
Countries of Operation:: Romania (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Banca Comerciala Carpatica (BCC) commenced its activities in 1999 with a focus on financing the SME and retail sectors in the Sibiu region of central Romania. BCC has built-up an impressive portfolio of loans to farmers, entrepreneurs and small enterprises in the area. The bank also renders full range of banking services to retail and corporate clients through its branch network.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: In cooperation with BCC, BSTDB will be able to reach a larger number of SMEs in Romania and contribute to the sectors of their activity.
Environmental Classification and Impact:: BCC is required to comply with BSTDB's Negative List of Goods, including the Environmental Exclusion List and the national environmental requirements, as well as make sure that the beneficiaries fully comply with these requirements.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org