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IFC Investments in Romania (selected)




Year
Project
Project Cost (million USD)
Total
IFC
Financing (million USD)
Project Description
2008Mindbank
20
16.6
To support Mindbank in its restructuring process and to enable it to grow further
2007CEBRom SME
53.5
To enable the Bank to access long term financing to fund its expansion in the fast growing sectors of the Romanian economy, in particular small and medium sized enterprises.
2007MedLife
30.0
11.3
To to fund part of MedLife's expansion strategy, centered on completing the 100-bed Memorial Hospital in Bucharest and building 5 40-bed hospitals in smaller cities in Romania
2006TTS
28.0
16.8
Loan to support the upgrade pushers used by Navrom, a delta cargo shipping company, which will reduce emissions, reduce shipping time and save fuel cost.
2006BCR
90.0
87.8
Loan to support Banca Comerciala Romana’s long-term funding activities and prudently manage its balance sheet
2005Distrigaz Sud
390.0
54.4
Equity for upgrade and network expansion.
2005Unicredit Leasing
12.0
9.4
Loan for consolidation and expansion of leasing business.
2005Transilvania II
46.5
45.1
Loan to raise subordinated capital through a public offering and expansion of mortgage lending.
2005Banca Tiriac
20.0
27.5
Expansion of company's medium-term financing for small and medium enterprises and corporate clients.
2004Mindbank
7.0
7.0
Loan to strengthen its capital structure and extend the tenor of loans to small and medium enterprises.
2003Ro-Fin
6.0
5.0
Credit line for housing loans.
2002/03Banca Comericiala
822.0
176.0
Credit and equity stakes to support future privatization of BCR, the largest bank in the country.
2003Arctic Gaesti
32.4
11.0
Modernization, quality improvement and capacity expansion of Romania’s only producer of refrigerators. The Sponsor is Arçelik A.S, a Turkey-based home appliance leader.
2002/03MFI MFB Romania
13.5
2.5
Equity in Microfinance Bank Romania which will provide full banking services to micro and small business market.
2001ICME
43.5
13.3
Revamp of cable manufacturing plant and its transformation into a cost efficient facility producing a wide range of high quality cables, conductors, and wires
1998/2001Banc Post
20.0
20.0
Privatization of a state owned bank.
2001Banca Romanesca
6.3
6.0
Assist a small, second-tier Romanian bank that lends to small and medium enterprises (SMEs), to develop into a sustainable and competitive financial institution.
2000Romlease
21.5
9.7
First leasing company established in Romania to provide on shore leasing of both locally produced and imported moveable equipment. Equity participation sold to Unicredit in 2003. The credit line is still on
1998/2000Mobil Rom
374.2
75.0
A joint venture between France Telecom Mobiles International and various local and foreign partners to build and operate a national mobile phone network.

* Project cost and IFC financing refer to amounts approved by the IFC's Board.