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Author:
Claudia Medrega
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The EBRD is one of the largest institutional investors in Romania, the bank investing up to now nearly 8 billion euros in more than 400 projects. Only the EBRD invested 550 million euros in Romania last year, with 93% of this financing going to the private sector
. During years of economic crisis, the EBRD supported local banks as part of the disintermediation process. Vienna, has agreed with the largest banking groups in the region to keep the exhibitions.
♦ The European Bank for Reconstruction and Development (EBRD), the largest foreign institutional investor in Romania, has been an important supporter of the Romanian banking sector over the years ♦ The institution participated in the privatization process of local banks (BCR, Banca Transilvania and BRD-SocGen), as well as the Greek banks Alpha Bank, Bancpost and recently at Bank Piraeus. In the past, Banca Tiriac and Miro Bank (currently ProCredit Bank) were among the banks supported by the EBRD. ♦ The EBRD and IFC also bought bonds issued by banks
. The EBRD is joining the US investment fund JC Flowers, in the 19% stake of Piraeus Bank, shortly after the Greeks announced the sale of the Romanian subsidiary to the fund. US investment JC Flowers & Co.
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Article published in the print edition of Ziarul Financiar of 19.07.2018
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