HVB Bank Romania SA (HVB)
Sector: Government • Location: Romania
Source: Multilateral Investment Guarentee Agency (MIGA)
MIGA issued a $69.8 million guarantee to Bank Austria Creditanstalt AG for its $70 million shareholder loan to HVB Bank Romania SA (HVB). The coverage protects the investor against the risks of transfer restriction and expropriation for a period of up to ten years. This is the second guarantee issued to HVB; in fiscal 2003, MIGA underwrote a €15 million shareholder loan to HVB to help it expand i
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | MIGA issued a $69.8 million guarantee to Bank Austria Creditanstalt AG for its $70 million shareholder loan to HVB Bank Romania SA (HVB). The coverage protects the investor against the risks of transfer restriction and expropriation for a period of up to ten years. This is the second guarantee issued to HVB; in fiscal 2003, MIGA underwrote a €15 million shareholder loan to HVB to help it expand its in-country operations. It will contribute to the development of the country's banking system and corporate gov-ernance. The new shareholder loan will allow HVB to continue expanding its lending oper-ations in Romania, thereby bolstering the Romanian financial sector through the provision of additional medium-term financing. In addition, the project allows HVB to provide term-financing, including to the SME sector. Finally, HVB estimates that the expansion of its activities will indirectly support the generation of an additional $23 million in annual export revenues by financing export-related enterprises. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |