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Banca pentru Mica Industrie si Libera Initiativa: Mindbank, S.A.

Sector: Commercial • Location: Romania

Source: International Finance Corporation (IFC)

Project
Completed

Mindbank was incorporated in Romania in 1990 as the "Bank for Small Industry and Free Enterprise". Mindbank is licensed by the National Bank of Romania to conduct all commercial banking activities and is principally engaged in carrying out banking services for small enterprises. The purpose of the credit line would be to extend the tenor of small business loans and, with the support of external

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The project “Banca pentru Mica Industrie si Libera Initiativa: Mindbank, S.A.” is an infrastructure initiative in the Commercial sector, located in Romania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

Mindbank was incorporated in Romania in 1990 as the "Bank for Small Industry and Free Enterprise". Mindbank is licensed by the National Bank of Romania to conduct all commercial banking activities and is principally engaged in carrying out banking services for small enterprises. The purpose of the credit line would be to extend the tenor of small business loans and, with the support of external technical assistance, develop a project finance capability geared to small enterprises, local cooperatives and microentrepreneurs. IFC's convertible credit line will facilitate the entry of a strategic technical partner, which is expected to lead to an improvement in Mindbank's lending technology and enhance its long term perspective as a sustainable niche player in the Romanian banking sector.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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