The cumulated stock of commitments, including the impact of restructured operations, loans cancelled and sales of exposure reached EUR6.1 billion since the EBRD’s establishment in 1991.
One of the sectors targeted in 2012 was energy, including energy from renewable resources: Portuguese EDP received over EUR58 million for two wind farms and is awaiting approval for a further EUR63 million for a photovoltaic project, while Spain’s Eolica relies on EUR47 million for a wind farm in Dobrogea (south-eastern Romania), with the evaluation of the project yet to be finalized.
The EBRD approved a EUR80 million loan for BCR in December dedicated to lending to SMEs, which is awaiting the signing of the contract, while Banca Transilvania (TLV.RO) took out a loan with a similar destination worth EUR20 million.
The EBRD also approved a EUR174 million loan for the restructuring of railway company CFR, while aircraft parts maker Universal Alloy Corporation took out EUR25 million.
(English version by Daniela Stoican)