BERD invested 100 million euros in issued shares of Banca Transilvania
foto: capital.ro
The European Bank for Reconstruction and Development continues to invest in Banca Transilvania. The EBRD has subscribed 100 million euros in the issue of unsecured private bonds, recently launched by Banca Transilvania. The bonds have a maturity of ten years and will be traded by the Bucharest Stock Exchange.
EBRD announced in a statement that the money invested will help to optimize the Romanian bank's capital structure. Moldovan banking market is also interested in this.
We recall that the European Bank for Reconstruction and Development and Banca Transilvania became the main shareholders of Victoriabank last year with a stake of over 72 percent. Victoriabank is the third largest bank in Moldova after turnover.