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Romania: IFC Invests in Raiffeisen Bank to Boost Access to Finance for SMEs and Green Housing
IFC, a member of the World Bank Group, is providing a financing package of RON 720 million ($168 million equivalent) to Raiffeisen Bank Romania to boost financing for small and medium enterprises (SMEs), climate, and housing—three underserved segments in Romania’s economy.
The financing package consists of a RON 240 million investment in a Basel III-compliant Tier 2 bond—which will support the Bank’s capital base--and a RON 480 million senior loan. The IFC investments will help Raiffeisen Bank Romania expand its lending to SMEs, increase financing for sustainable-energy projects and for mortgages, including green mortgages.
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