Loans Granted By Brd Essay

4538 words - 18 pages

Faculty of Economy and Business Administration, The West University of TimisoaraLoans granted by BRDSicoe Dorian-VladBRD offers loans from EBRD sources through the SME and Corporate Facility for companies, authorized individuals and liberal professions, in order to finance their current activity and to develop investment projects. Loans granted under this Facility benefit from preferential interest conditions.
ADVANTAGES of loans from EBRD sources

The loans granted as part of this facility will offer you important benefits:wide range of financing productsreduced interestWho is EBRD? The European Bank for Reconstruction and Development (EBRD), an international financial institution, was created in 1991 in order to support the transition towards the market economy of Central and Eastern European countries, as well as of the countries in the former Soviet area, engaged in the democratic process, after the fall of communism. Today, EBRD - owned by 61 countries and 2 intergovernmental institutions - by means of investments, helps at building democracies and market economies in these countries in Central and Eastern Europe, and in Central Asia. EBRD is the biggest institutional investor in the region, mobilising important foreign investments for banks, industries, or sole proprietorships, both in view of performing the existent businesses and of creating new ones. It also supports public companies in view of their privatisation or restructuration, and contributes to improving municipal services. EBRD maintains tight connections with the governments in the region in order to promote policies helping at the development of the business environment. In Romania as well, EBRD is the biggest institutional investor, with investments of approximately EUR 4.4 billion.A prime objective for the EBRD is, as stated in its founding Agreement, "to mobilise domestic and foreign capital" in its countries of operations. To achieve this objective, Loan Syndications has chosen a flexible and market-oriented approach. Its goal is to broaden the EBRD's co-financing base by increasing the number of commercial lenders with which it works, by continuing to introduce new co-financing structures and methods, and by introducing new countries to the market. The critical factor in the success of these activities is the extent to which commercial sources of finance are willing to commit funds.Requirements and benefitsFor private sector projects, the EBRD is normally prepared to provide, in the form of debt or equity, up to 35 per cent of the long-term capital requirements of a single project or company. Pricing of debt will reflect primarily country and commercial risks and will conform to prevailing conditions in the syndicated loan market. The EBRD's standing as an international institution and, particularly, its preferred creditor status are taken into account in assessing the risks. Loans by international institutions such as the EBRD are, by tradition, excluded from sovereign...

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