• The synthetic securitization amounts to 2 billion lei (approximately EUR 400 million). With support from the EIB, the EIF reduces Banca Transilvania’s credit risk through this transaction and enables the bank to redeploy the capital allocated to the securitized portfolio.
• The transaction also includes a commitment by Banca Transilvania to extend RON 2.64 billion in new financing to SMEs for sustainable projects.
• The securitization further underscores its role as a tool that facilitates the reallocation of capital to new investments, thereby supporting job creation and a just transition to climate neutrality.

The European Investment Bank Group (the EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), is strengthening its long-term cooperation with Banca Transilvania (BT) through the approval of a synthetic securitization and new lending commitments.

This is BT’s first securitization transaction and the first capital relief (capital relief) deal between BT and the EIB Group. The agreement aims to free up capital allocated to a portfolio of assets subject to the standardized approach, thereby creating lending capacity to support SMEs and mid-caps in Romania. The EIF is providing protection for a tranche of over 324 million lei, which is in turn counter-guaranteed by the EIB. The EIF is also providing protection for a tranche of over 1.67 billion lei, 50% of which is counter-guaranteed by the EIB. The structure is based on a portfolio of micro, SME and corporate loans with a total outstanding balance of over 2 billion lei.

“I’m pleased to see a new project in our collaboration with the EIB Group that helps accelerate access to finance for local SMEs, one of the pillars of Romania’s economy. Beyond boosting lending capacity, the EIB brings expertise and best practices that help us manage capital even more efficiently.”
Ömer Tetik, CEO, BT

Under this agreement, BT commits to extend more than 2.64 billion lei in new loans to SMEs and mid-caps over three years. At least 20% of this financing will be allocated to projects aligned with climate action and environmental sustainability, underscoring the commitment of BT and the EIB Group to support the transition to a low‑carbon economy.

“This transaction with Banca Transilvania underscores our commitment to helping businesses in Romania thrive in challenging times. I am pleased that Banca Transilvania has drawn on our proven expertise for their first securitization transaction and that together we are in a position to create new development opportunities for the Romanian economy by leveraging securitization to promote sustainable investment.”
Marjut Falkstedt, Chief Executive, EIF

“The EIB’s participation will send a signal to other international financial institutions and will contribute to the development of Romania’s capital market.”
Ioannis Tsakiris, Vice-President. EIB .

Background information

About the European Investment Bank
European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by the Member States. It finances sound investments that contribute to achieving EU objectives. EIB projects strengthen competitiveness, spur innovation, promote sustainable development, reinforce social and territorial cohesion, and support a fair and swift transition to climate neutrality. The EIB Group, which also includes the European Investment Fund (EIF), signed financing commitments of EUR 88 billion for more than 900 projects in 2023. These commitments are expected to mobilise approximately EUR 320 billion in investment, supporting 400,000 companies and 5.4 million jobs. All projects financed by the EIB Group are aligned with the Paris Agreement on climate. The EIB Group does not finance investment projects in fossil fuels. We are on track to meet our commitment to support EUR 1 trillion in climate and environmental sustainability investment in the 2020–2030 decade, as set out in the Bank’s Climate Bank Roadmap. More than half of the EIB Group’s annual financing supports projects that directly contribute to climate change mitigation and adaptation and to a healthier environment. Approximately half of the EIB’s financing within the European Union is directed to cohesion regions, where per capita income is lower. This highlights the Bank’s commitment to promoting inclusive growth and convergence in living standards.


About the European Investment Fund
As of May 2, 2024, the EIF is aligning its logo with the EU family, thereby reinforcing its role as a key EU actor. The European Investment Fund (EIF) is part of the European Investment Bank Group. Its core mission is to support micro, small and medium-sized enterprises (SMEs) across Europe by helping them gain access to finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments specifically targeting this market segment. In this role, the EIF contributes to key EU policy objectives such as competitiveness and economic growth, innovation and digitalisation, social impact, skills and human capital, climate action and environmental sustainability, as well as others.


About Banca Transilvania
Banca Transilvania is the largest bank in Romania and in Southeastern Europe. As a universal bank, it covers all customer segments and business lines across the financial sector. It has a market share of over 20%, 4.3 million customers, more than 10,000 employees, online banking solutions and 500 branches in 180 locations. Banca Transilvania’s brand value has reached USD 686.5 million, ranking 252nd in Brand Finance Banking 500 2024.