BT Capital Partners and International Investment Bank expand the cooperation opportunities for sustaining the capital market in Romania
Comunicat de presa 2016-12-21
21st of December 2016- BT Capital Partners (BTCP), the consulting and brokerage company, part of Banca Transilvania’s Financial Group and International Investment Bank (IIB)signed a Strategic Cooperation Agreement focused on expanding their partnership and continuing mutually beneficial cooperation on capital markets. The document was signed by Denis Ivanov, Deputy Chairman of the IIB Board, and Paul Prodan, Chairman of the Board BT Capital Partners.
With this aim, the parties intend, in particular, to develop interaction in such areas as syndicated and interbank lending as well as treasury operations, provide consulting services and bank guarantees, including for export-import operations, and set up specialised credit lines for the SME sector as well as limits for trade finance operations. The document also foresees exchange of experience and financial expertise in order for the organisations to implement newest banking technologies and services.
“This agreement continues the excellent collaboration with the International Investment Bank made for attracting finances through The Bucharest Stock Exchange. We are confident that this collaboration will be have a great impact in increasing the financial intermediation in Romania.” – Paul Prodan, BT Capital Partners Chairman of the Board of Directors commented
“The agreement institutionalizes our long-term and very successful cooperation with BT Capital Partners, which assists the Bank with raising funding on the Bucharest Stock Exchange at favourable rates. I am convinced that the partnership between our organisations will contribute to the further growth of the Romanian capital market and the country’s economy.” – commented D. Ivanov, Deputy Chairman of the IIB Board.
With assistance from BT Capital Partners, in 2015 and 2016 the IIB successfully placed two bond issues on the Romanian market totalling RON 411 million (about EUR 90 million). These placements were among the largest in Romania by any international financial institution and received awards from the Romanian Stockbrokers’ Association for their contribution to the development of the corporate bond market in the past two years. In 2013, the IIB provided BT Leasing, which is also part of the Banca Transilvania group, with a credit line of EUR 10 million for support of Romanian SMEs.