In addition, the EBRD provided Banca Transilvania a SME Energy Efficiency Facility of EUR10 million to finance investments in energy efficiency and small scale renewable energy projects undertaken by SMEs.
Banca Transilvania is the largest private locally owned Romanian bank and the fourth largest in the Romanian banking system with a market share of 7.8% by total assets.
EBRD is Banca Transilvania’s largest shareholder, with a 14.61% stake. The bank’s ownership also includes Bank of Cyprus with an interest of 9.7% and the International Finance Corporation with 3.54%.