The European Bank for Reconstruction and Development (EBRD) has provided a €50 million Tier 2 subordinated loan to Garanti BBVA Romania, aiming to bolster the bank’s capital base and support its green financing initiatives. This loan is structured to comply with EU banking regulations, enhancing Garanti BBVA Romania’s capacity to fund projects that contribute to environmental sustainability.
In alignment with the EBRD’s Green Economy Transition strategy, Garanti BBVA Romania commits to allocating 170% of the loan amount—approximately €85 million—to local projects focused on climate action and environmental sustainability. This initiative underscores the bank’s dedication to advancing Romania’s transition to a low-carbon economy.
Kristina Zagar, Director of EU Banks & Structured Finance at the EBRD, expressed enthusiasm about the partnership, stating, “We are delighted to partner with Garanti BBVA on this subordinated loan, which will strengthen the bank’s capital base and enhance its green lending capacity.”
Mustafa Tiftikcioğlu, CEO of Garanti BBVA Romania, highlighted the strategic importance of sustainability, noting, “Sustainability is not just a responsibility, but a true growth driver for Garanti BBVA—a strategic direction that guides all our actions dedicated to clients and communities.”
This financing arrangement is part of the EBRD’s broader commitment to supporting Romania’s green economy. Since its inception in Romania, the EBRD has invested over €11.6 billion in more than 560 projects, with a significant portion directed towards private sector initiatives that promote environmental sustainability.
For more information on the EBRD’s green financing initiatives in Romania, visit the EBRD website.
European Bank for Reconstruction and Development Headquarters (EBRD), London, United Kingdom Picture by EBRD/ Dermot Doorly
