The loan is extended via IFC’s global trade and supply chain solutions program and addresses Romanian micro companies and SMEs that require financing for international trade operations.
IFC owns 3.54% of Banca Transilvania’s shares.
Banks-Insurance
Banca Transilvania Borrows $15M From IFC To Finance SMEs
The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a $15 million credit line to Romanian Banca Transilvania (TLV.RO) for onlending to micro companies and SMEs, the two institutions said in a joint statement Thursday.