EBRD Partners with Garanti BBVA Romania to Support Green Economy Investments and Banking Stability

EBRD Partners with Garanti BBVA Romania to Support Green Economy Investments and Banking Stability

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €50 million subordinated loan to Garanti BBVA Romania to enhance its capital base and support sustainable lending. Garanti BBVA Romania will use the funds to invest in local projects aimed at climate action and environmental sustainability, with 170% of the loan earmarked for green economy initiatives. This loan is part of EBRD’s broader strategy to strengthen Romania’s financial stability and promote its transition to a low-carbon economy.

(PRESS RELEASE) LONDON, 13-May-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has granted a €50 million subordinated loan to Garanti BBVA Romania to enhance its capital base and bolster the bank’s lending capacity, with a special focus on investments supporting the green economy. This loan is aimed at strengthening Romania’s banking sector stability and promoting sustainable economic growth through increased lending to climate action and environmental sustainability projects.

Garanti BBVA Romania will use the funds to support local projects aligned with the green economy, allocating an amount equivalent to 170% of the EBRD loan for climate-related investments. This commitment underscores Garanti BBVA’s adherence to environmental standards and its dedication to sustainable lending practices. The funding will also help accelerate Romania’s transition to a low-carbon economy, benefiting both the environment and the broader economy.

The loan is structured in compliance with the Capital Requirements Regulation and Capital Requirements Directive IV, ensuring that Garanti BBVA Romania’s capital structure remains robust while expanding its ability to lend to the real economy. The funding is part of the EBRD’s ongoing efforts to support sustainable development in Romania and further strengthen the country’s financial infrastructure.

Kristina Zagar, Director of EU Banks & Structured Finance at the EBRD, commented, “We are delighted to partner with Garanti BBVA on this subordinated loan. It will significantly enhance the bank’s green lending capacity and contribute to strengthening Romania’s financial sector stability.”

Mustafa Tiftikcioğlu, Chief Executive Officer of Garanti BBVA Romania, said, “This partnership with the EBRD represents a key step in our ongoing commitment to the green economy. Both Garanti BBVA and the EBRD share a goal of driving sustainable development, and this funding reflects our shared commitment to creating a positive environmental and societal impact. Sustainability is a core value and growth driver for Garanti BBVA, guiding all of our initiatives.”

Garanti BBVA Romania is part of the Garanti BBVA Romania Group, which also includes Garanti BBVA Leasing and Garanti BBVA Fleet Management, providing a full range of financial services. The group is owned by Garanti BBVA Turkey, the second-largest private bank in Turkey, with Banco Bilbao Vizcaya Argentaria (BBVA) of Spain as the majority shareholder.

The EBRD has invested over €11.6 billion in Romania across 560 projects, reinforcing its role as a leading institutional investor in the country. The bank continues to play a vital role in advancing Romania’s green economy and supporting the transition to a low-carbon future, with long-term benefits for both the economy and the environment.

Media contact:
Vanora Bennett
Email: media@ebrd.com

SOURCE: EBRD