BOSTON The European Bank of Reconstruction and Development intends to provide a 100M euro ($140M) loan to the Romania's Banca Transilvania to support long-term funding of small and medium size businesses, the EBRD said in a statement.
The loan will allow Banca Transilvania to continue providing SME loans at a time of increasingly limited access to bank finance.
More than 7,500 SME clients stand to benefit from the new EBRD funds, the EBRD said.
The EBRD is also considering lending $19.5M to Georgia's TBC Bank, which is in the process of restructuring its operations towards a more sustainable funding model under post-conflict market conditions and amid the global financial crisis.
TBC Bank is the second largest bank operating in Georgia, according to the EBRD.